It’s been a slow day around GC HQ, and the weekend is almost here. But before we go, here’s a riveting article on the Public Company Accounting Oversight Board’s draft of its five-year strategic plan, which is now open for public comment.
In a nutshell, a survey was sent out last April asking investors, auditors, audit committee members, and the like what they thought the PCAOB’s vision and priorities should be now that it has a new chairman and all-new board members. And the board wanted to find out what opportunities were out there to help fulfill its mission of “protecting investors and the public interest through high-quality audit reports.”
The PCAOB’s brain trust and staff also had a chance to weigh in on the board’s strategic planning.
After the survey results were tallied and the feedback was digested, the PCAOB put together a draft of its 2018-2022 strategic plan, which includes the following five goals:
- Drive improvement in the quality of audit services through a combination of prevention, detection, deterrence, and remediation.
- Anticipate and respond to the changing environment, including emerging technologies and related risks and opportunities.
- Enhance transparency and accessibility through proactive stakeholder engagement.
- Pursue operational excellence through efficient and effective use of our resources, information, and technology.
- Develop, empower, and reward our people to achieve our shared goals.
So, if commenting on five-year strategic plans is your thing, you can provide yours to the PCAOB by Sept. 10, 2018.
Or you could just comment below. Your choice.
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6. Pray that Trump and the Republicans don’t repeal Sarbanes-Oxley.