DEFINITION of 'Public Company Accounting Oversight Board - PCAOB'

A non-profit organization that regulates auditors of publicly traded companies.

BREAKING DOWN 'Public Company Accounting Oversight Board - PCAOB'

The PCAOB was established as a result of the creation of the Sarbanes-Oxley Act of 2002. The board's aim is to protect investors and other stakeholders of public companies by ensuring that the auditor of a company's financial statements has followed a set of strict guidelines.

  1. Generally Accepted Auditing Standards ...

    Generally Accepted Auditing Standards are a set of guidelines ...
  2. Independent Auditor

    A certified public accountant who examines the financial records ...
  3. Audit

    An unbiased examination and evaluation of the financial statements ...
  4. Certified Internal Auditor - CIA

    A certification offered to accountants who conduct internal audits. ...
  5. Unqualified Opinion

    An independent auditor's judgment that a company's financial ...
  6. Audit Cycle

    An audit cycle is the accounting process that auditors employ ...
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