PCAOB (Public Company Accounting Oversight Board)

The Public Company Accounting Oversight Board (PCAOB) is a nonprofit organization established by the U.S. government to oversee the audits of public companies. Its main goal is to protect investors by ensuring that these companies' financial statements are accurate and transparent. The PCAOB sets auditing standards, inspects audit firms, and enforces compliance with regulations. By doing this, it helps maintain trust in the financial markets and supports the integrity of financial reporting, ultimately fostering investor confidence.