PCAOB Releases Publication on Conversations With Audit Committee Chairs

The PCAOB has released a spotlight publication that summarizes key takeaways from the conversations with chairs of more than 250 audit committees that were held by the PCAOB’s Division of Registration and Inspections during 2025. Important topics covered during these conversations included:

• Factors that increase the effectiveness of the relationships between audit firms and audit committees.
• Methods used to assess external auditors.
• The usefulness of PCAOB inspection reports.
• The preapproval of authorized services provided by audit firms.
• Concerns regarding fraud and the risk of material misstatement.
• Considerations related to quality controls.
• The communication of critical audit matters.
• Technology-related risks.

For more information, see the press release on the PCAOB’s Web site.