Public Company Accounting Oversight Board
E23654
The Public Company Accounting Oversight Board is a nonprofit regulatory body in the United States that oversees the audits of public companies to protect investors and enhance the accuracy and reliability of corporate financial reporting.
Aliases (1)
- PCAOB ×2
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
audit regulator
→
nonprofit organization → regulatory body → |
| abbreviation |
PCAOB
→
|
| appointmentProcess |
board members appointed by the U.S. Securities and Exchange Commission
→
|
| country |
United States
→
|
| createdAfter |
Enron scandal
→
WorldCom scandal → |
| establishedFor |
improve audit quality
→
restore investor confidence after accounting scandals → |
| foundedBy |
Sarbanes–Oxley Act of 2002
→
|
| fundingModel |
issuer accounting support fees
→
|
| hasAuthority |
conduct investigations of registered public accounting firms
→
discipline registered public accounting firms and associated persons → inspect registered public accounting firms → set auditing standards for public company audits in the United States → |
| hasBoardStructure |
five-member board
→
|
| hasMissionStatement |
to oversee the audits of public companies and broker-dealers to protect investors and the public interest by promoting informative, accurate, and independent audit reports
→
|
| headquartersAddress |
1666 K Street NW, Washington, D.C. (historical/commonly cited address)
→
|
| headquartersLocation |
Washington, D.C.
→
|
| inception |
2002
→
|
| industry |
accounting regulation
→
financial regulation → |
| jurisdiction |
United States federal government
→
|
| languageOfWorkOrName |
English
→
|
| legalBasis |
Sarbanes–Oxley Act of 2002
→
|
| legalForm |
nonprofit corporation
→
|
| locatedIn |
District of Columbia
→
|
| nonProfitStatus |
nonprofit corporation
→
|
| operatesIn |
capital markets regulation ecosystem
→
|
| overseenBy |
U.S. Securities and Exchange Commission
→
|
| parentOrganization |
U.S. Securities and Exchange Commission
→
|
| purpose |
enhance the accuracy and reliability of corporate financial reporting
→
oversee the audits of broker-dealers → oversee the audits of public companies → protect investors → |
| regulates |
audits of broker-dealers
→
public company audits → registered public accounting firms → |
| regulatoryArea |
auditing
→
independence standards for auditors of public companies → professional ethics for auditors of public companies → quality control standards for registered public accounting firms → |
| sector |
public sector
→
|
| shortName |
PCAOB
→
|
| subjectOf |
Sarbanes–Oxley Act Title I
→
|
| supervises |
Big Four accounting firms in their public company audit practices
→
|
| website |
https://pcaobus.org
→
|
Referenced by (4)
| Subject (surface form when different) | Predicate |
|---|---|
|
Public Company Accounting Oversight Board
("PCAOB")
→
|
abbreviation |
|
Public Law 107-204
→
|
creates |
|
Sarbanes–Oxley Act of 2002
→
|
establishes |
|
Public Company Accounting Oversight Board
("PCAOB")
→
|
shortName |