Model reveals how the Public Company Accounting Oversight Board selects targets for inspection

2024 marked the 20th anniversary of the launch of the inspection program by the Public Company Accounting Oversight Board (PCAOB), the non-profit responsible for overseeing financial audits. It was also a banner year for PCAOB's disciplinary activity, with 51 finalized enforcement actions netting a record $35.7 million in monetary penalties.