The SEC has overall responsibility for governing the U.S. securities industry. The SEC engages in rulemaking to maintain fair and orderly markets and to protect investors.
Section 103 of the Sarbanes-Oxley Act of 2002 mandated that the PCAOB establish or adopt, or both, auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for public companies.
The Center for Audit Quality intends to comment on relevant SEC and PCAOB proposals and encourages Center members to provide comments to assist in this process. The Center will collect comments on proposed standards and rules from any member firm interested in providing comments.
These comments will be considered in developing a comment letter that will be prepared and issued by the Center. The comments may be submitted to the Center electronically or by postal mail.