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On November 16-17 the 14th annual meeting of the PCAOB International Institute on Audit Regulation - “Sarbanes-Oxley at 20 Years and the Future of Audit Regulation” was held in Washington, DC. The meeting was held for the representatives of audit oversight bodies. It should be noted that the event was held face-to-face for the first time after the coronavirus pandemic. It was attended by a representative of the Accounting, Reporting and Audit Supervision Service of the Ministry of Finance of Georgia.
The PCAOB established the Institute in 2007 to provide regulators from around the world an opportunity to learn about the PCAOB's approaches to auditor oversight that serve to protect the interests of investors and increase the quality of audits, sharing of experiences regarding key advancements and issues in global audit oversight.
This year the following topics were discussed at the meeting: Emerging Audit Oversight Opportunities and Challenges, Perspectives from Investors, Audit Oversight in Uncertain Times, SEC Update, etc. Attendees also learned about the PCAOB's standards-setting updates.
Within the meeting, a panel discussion was held with the participation of PCAOB members. The participants reviewed the current state of audit supervision and future plans.