On November 19, 2019, the Public Company Accounting Oversight Board (PCAOB) approved its 2019-2023 Strategic Plan, as well as its fiscal 2020 budget of $284.7 million, and the board unanimously favored the plan. The announcement of the strategic review, which focuses heavily on improvements to their internal processes and operations, couldn’t have come at a better time, considering the increased negative attention surrounding the PCAOB lately.

In this article, Audit Analytics examines the PCAOB’s plan, compares it to previous years’ plans, and underlines the myriad internal happenings occurring at the PCAOB.