Public Company Accounting Oversight Board (PCAOB)

The Public Company Accounting Oversight Board (PCAOB) is a nonprofit organization established by Congress in 2002 to oversee the audits of public companies in the U.S. Its primary goal is to protect investors by ensuring the accuracy of financial reporting and the integrity of audit practices. The PCAOB sets audit standards, inspects audit firms, and enforces compliance with regulations. By doing so, it helps maintain trust in the financial markets and supports the reliability of financial information that companies provide to the public.