Public Company Accounting Oversight Board: Strategic and Performance Plan Facilitation and Development

The Public Company Accounting Oversight Board is a non-profit corporation responsible for oversight of audits of public companies. It conducts inspection, enforcement, and standard-setting activities. The PCAOB was created by the Sarbanes-Oxley Act (Public Law 107-204) with the goal of protecting the interests of investors and furthering the public interest in the preparation of informative, accurate, and independent audit reports. It is governed by five board members appointed by the Securities and Exchange Commission (SEC). The PCAOB carries out its responsibilities through a staff of approximately 800 in its headquarters and regional offices.