PCAOB works to form Inspections Modernization Council

The PCAOB is seeking public accounting firm practitioners to join a new advisory group focused on the board’s future approach to inspections.

The Inspections Modernization Council, according to a news release, will work to help “modernize PCAOB inspections so they remain relevant and resilient.”

The PCAOB seeks participants with capital markets expertise and knowledge of the PCAOB’s inspection program who have a demonstrated commitment to the interests of investors and the public, including practitioners from public accounting firms of varying sizes; audit committee members; financial executives at public companies; academics, technologists, other regulators, and investors.

“Modernization of PCAOB inspections has the potential to bring improved audit quality and other significant benefits to investors and other stakeholders,” PCAOB Chair Jim Logothetis said in the news release. “The Inspections Modernization Council will help us shape the future of PCAOB inspections, and we invite individuals of the highest integrity to join us in this effort.”

The application deadline is June 15.

More PCAOB updates

The PCAOB released a staff Spotlight publication, 2025 Conversations With Audit Committee Chairs, an annual report that invites audit committee chairs at U.S. public companies to share their perspectives and observations with respect to their oversight of auditors’ work. … The PCAOB recently released its 2025 Annual Report, which shares how the board advanced its investor-protection mission during fiscal year 2025 and provides the PCAOB’s financial results, including audited financial statements, the auditor’s report, and management’s report on internal control over financial reporting.

— To comment on this article or to suggest an idea for another article, contact Bryan Strickland at Bryan.Strickland@aicpa-cima.com.