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Public Accounting Oversight Board

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Public Accounting Oversight Board (PCAOB)
The organization that oversees auditors. Set up after the Sarbanes-Oxley Act of 2002.


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Ibarguen is on the Trustee's Council of the National Gallery of Art, the Advisory Council of the Public Accounting Oversight Board and is a member of the board of directors of the Council on Foreign Relations.
Speaking to a widespread sense that outside auditors have become more cautious and less collegial with their clients--given that the Public Accounting Oversight Board (PCAOB) is now staring over their shoulders--Hanish said that many corporate executives believe auditor fees have been driven up by decisions by audit engagement leaders to send issues to their regional or national issues for review.
He blamed pressure from the SEC and the Public Accounting Oversight Board, and recognized that there's now a sort of "Catch-22" situation, in which the fallout is the ability to conduct complicated transactions at all.
 
 
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