The PCAOB is inviting public feedback on its 2026-2030 strategic plan as it experiences leadership changes and considers a new regulatory approach. The board approved the consultation on March 31, which features seven main questions about inspections, standard-setting, technology, and transparency. Comments are due by May 15.  

Reuters reports that this request shows the board is looking to review how it protects investors as the audit environment evolves. “The feedback received will help inform the development of the PCAOB’s 2026-2030 strategic plan and guide the PCAOB’s focus areas for future standard-setting activities,” the board said. For the first time, the board is setting up a formal process for the public to share input on future standard-setting priorities, making its approach more similar to other standard-setters.  

New Chairman Demetrios Logothetis described the board’s direction as a return to basics, focusing on “audit quality, investor protection, and disciplined, responsible oversight.” His “Advance, Clarify, and Transform” framework aims to balance tradition with modernization, especially as the board considers aligning more with international standards and using AI in inspections.  

The board is also willing to review recent rules. Logothetis said staff are preparing another request for comment on parts of QC 1000, noting concerns that some rules “may be unnecessary… and may not contribute to audit quality.”