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2019 Outlook: Changes Coming to U.S. Audit Firm Inspections

Dec. 31, 2018, 2:01 PM

Changes to audit firm inspections, a review of the standard-setting process, and better communication with stakeholders, top the to-do list for the Public Company Accounting Oversight Board in 2019.

But don’t expect major reforms from the U.S. audit regulator.

Board Chairman William Duhnke pledged to tackle what he described as low-hanging fruit.

Still, the board has a busy work agenda planned for itself after spending most of 2018 assessing its operations and how to meet its mission to protect investors. All five PCAOB members were replaced in December 2017, ushering in a new era for 15-year-old regulator.

Board member Jim...

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