April 09, 2018 Articles

How to Respond to a PCAOB Informal Request

An overview of the PCAOB’s informal-inquiry process, also known as an Accounting Board Request, which is typically the first step in the PCAOB’s enforcement process.

By Robert H. Cox

Since its creation in 2002, the Public Company Accounting Oversight Board’s (PCAOB) enforcement activity has increased in both number of disciplinary orders and size of civil monetary penalties. PCAOB’s Division of Enforcement and Investigations (DEI) opens numerous enforcement matters each year. The first step in the enforcement process is usually the opening of an informal inquiry and the almost immediate issuance of an informal request, also known as an accounting board request. This article provides an overview of the informal inquiry process.

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