Public Company Accounting Oversight Board

The Public Company Accounting Oversight Board (PCAOB) is a nonprofit organization that oversees the auditing of publicly traded companies in the United States. Its main role is to establish and enforce standards for auditors to ensure the accuracy, reliability, and independence of financial statements. By regulating audit firms, the PCAOB aims to protect investors, maintain confidence in the financial markets, and promote transparency. Founded in 2002 following corporate scandals, it operates independently from the government but is overseen by the Securities and Exchange Commission (SEC).