The Public Company Oversight Accounting Board (PCAOB) may change what it focuses on during inspections, according to recent comments from board member Jeanette Franzel, said the Journal of Accountancy. These possible changes are in response to improvements by firms in certain risk areas. Instead of the current approach that focuses on high-risk areas, inspections might be selected at random. The board is also mulling over putting increased emphasis on a firm's quality control system, versus the actual audits. The board could also explore new approaches to reporting and communicating about inspection results, aimed at providing stakeholders with more timely and meaningful information about inspection findings. 

Franzel made her remarks at the Baruch College Financial Reporting Conference in New York City.