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New Chair of U.S. Audit Overseer Charts Bold Agenda

May 5, 2022, 7:53 PM

Erica Williams has set a bold strategy for the U.S. audit regulator that includes delivering inspection reports faster, improving staff morale, and modernizing its standards.

Williams, chair of the Public Company Accounting Oversight Board, outlined some of her priorities Thursday in remarks to the annual Baruch College financial reporting conference—her first public speaking appearance since she joined the board in January.

Audit firms and capital markets have evolved through globalization and even pandemic-inspired remote work and the board must adapt to those changes, she said.

Its updated rule-writing agenda, for example, aims to modernize and streamline its rules so ...