They are the independent audit watchdog who are responsible for overseeing the audits of public companies and SEC-registered brokers and dealers. I’m talking about the P-C-A-O-B. Their inspections and associated inspection reports bring angst to audit engagement teams everywhere. In Episode #7 of GAAP Chats, hosts Mike Walworth and Chris Brundrett dig into the PCAOB, the self-proclaimed independent audit watchdog, and reveal insights from their review of the 2021 PCAOB inspection reports for the annually inspected firms.
