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In this Issue : February 2020

This month's cover story focuses on the speech given by PCAOB chairman William D. Duhnke at Baruch College's Annual Audit Conference. Recently reconstituted with an entirely new board under Duhnke's leadership, the PCAOB is in the midst of taking a fresh look at its own organization and strategic direction. The input from stakeholders was that the board was ripe for transformational change. Duhnke described the PCAOB's new strategic goals as becoming more innovative in its oversight, engaging more directly with stakeholders, streamlining its operations, and cultivating a higher-performing workforce. Auditors, preparers, and users—all of which have had their criticisms of the PCAOB and its processes in the past—will no doubt be following changes at the board closely as it seeks continuous improvement in the quality of its operations and auditor oversight.

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