What question did this study set out to answer?

The aim is to summarize the Auditing Standards Committee's views on PCAOB's strategic plan and offer key recommendations.

June 12, 2026Open Access

Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the PCAOB’s Strategic Priorities

Key Points

The aim is to summarize the Auditing Standards Committee's views on PCAOB's strategic plan and offer key recommendations.
Views from members of the Auditing Standards Committee are compiled.
Responses address specific questions from PCAOB's request for comment.
Key recommendations focus on inspections, standard setting, and transparency.
Prioritize inspections with support for smaller firms.
Return to a supervisory model for oversight.
Advance standard setting in technology and enhance transparency in quality control reporting.

Abstract

SUMMARY On March 31, 2026, the Public Company Accounting Oversight Board (the Board or PCAOB) issued a request for comment on its strategic plan (PCAOB 2026). This comment letter summarizes the views of the participating members of the Auditing Standards Committee of the Auditing Section of the American Accounting Association. Our comments include responses to the questions listed in the request for comment. Our key recommendations are to prioritize inspections—particularly through expanded support for smaller firms, return to the supervisory model, advance standard setting in areas such as technology, ICFR, and complex estimates, and enhance transparency across inspections, quality control reporting, and PCAOB operations.

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