The Public Company Accounting Oversight Board today released a draft of its five-year strategic plan, for the first time inviting public comment on its areas of strategic focus in fulfilling its mission to protect investors and the public interest through high quality audit reports.
After its own careful study and a survey of PCAOB staff and the public, the new Board intends to:
"This draft strategic plan is the product of significant engagement among PCAOB leadership, staff, investors, auditors, audit committee members, preparers, academics, and others interested in audit quality," said PCAOB Chairman William D. Duhnke. "We are grateful for the thoughtful responses we received on the survey, and with this draft, we are continuing that important conversation."
The PCAOB Draft Strategic Plan 2018-2022 includes a draft of the PCAOB's mission, vision, values, strategic goals and objectives, as well as key factors affecting the strategic outlook. The strategic plan is designed to align PCAOB programs, operations, and activities with its overall mission, goals, and objectives.
The PCAOB's strategic plan serves as a roadmap for the organization, as well as the basis for its budget each year. Comments are due September 10, 2018, and may be submitted by email, postal mail, or through the website.