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Areas of Deficiency

Online Exclusives Elena Isaacson, Heather Losi, CPA, Douglas M. Boyle, CPA, DBA, CPA, CMA Jul 01, 2019

To inform the audit committee on external audit quality, internal auditors need to be familiar with the PCAOB inspection process and recurring findings.

The U.S. Public Company Accounting Oversight Board (PCAOB) is responding to audit committee requests for more information about PCAOB audit focus areas, stated board member Duane DesParte at the 2018 AICPA Conference on Current SEC and PCAOB Developments in Washington, D.C. Internal auditors are in a unique position to support audit committees in understanding and monitoring these key areas. Internal auditors with a solid understanding of PCAOB expectations and findings can advise audit committees, which have primary oversight responsibility for external audit quality and ensuring the independence and objectivity of the audit firm.

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Elena Isaacson

Elena Isaacson is an accounting instructor at Siena College in Loudonville, NY.​

Heather Losi, CPA

Heather Losi is visiting assistant professor at the State University of New York at Oswego.​

Douglas M. Boyle, CPA, DBA, CPA, CMA

Douglas M. Boyle is chair and professor in the accounting program at the University of Scranton and director of the Doctorate in Business Administration program.