In January 2020, the Public Company Accounting Oversight Board (PCAOB) released a report drawing on conversations with nearly 400 audit committee chairs. The report offers a look into what peers are doing to enhance audit quality and is a valuable resource that provides answers to common questions raised by audit committee chairs about the inspection process. On January 2, 2020, Protiviti published a Flash Report highlighting key points in the PCAOB’s report, along with commentary.

Here, we look at some top-level insights from our report.