The PCAOB has released a spotlight publication that summarizes observations and key
takeaways from discussions the Board held in 2022 with more than 200 audit committee
chairs from U.S. public companies whose audits the PCAOB inspects. Topics addressed in
the spotlight included:
Audit engagement team turnover resulting from the “great resignation.”
The effect of the COVID-19 pandemic on audits.
The benefits of strong communication between audit committee chairs and their
The reporting of critical audit matters.
Information outside the financial statements (e.g., non-GAAP financial
Useful audit committee resources that are available on the PCAOB’s Web