How much do PCAOB board members make?
2 of the members of the committee must be certified public accountants. The annual salary of the chairman is close to $670,000 a year. If the chairman is one of the 2 members, they do not hold the right to practice CPA for the next 5 years in term. Other board members have a salary of about close to $550,000.
How do I become a PCAOB inspector?
Our minimum standard requirement is five years of experience, so just promoted to manager on up, and hire people all the way up through retired line partners, people who have had experience in national office, people who have worked on significant quality initiatives at the firms.
Are PCAOB employees government employees?
These things are, of course, also the mission of the Securities and Exchange Commission, and the Board operates under SEC oversight. However, the Board is not part of the government, and the members and staff are not government employees. The Board is a private, not-for-profit corporation.
Where is the PCAOB located?
Washington, D.C.
The PCAOB has approximately 800 staff members. We maintain our headquarters in Washington, D.C., and have nine regional offices across the United States. In 92 jurisdictions across the globe, 1,726 public accounting firms are currently registered with us.
How many members of the PCAOB should be CPA?
The PCAOB has five Board members, including a Chairman, each of whom is appointed by the SEC, after consultation with the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury. Two Board members, and only two members, must be Certified Public Accountants.
How is it to work for PCAOB?
Benefits of Working at the PCAOB The PCAOB offers a collegial workplace of like-minded professionals who are committed to fulfilling its mission. Other benefits include 401(k) match, up to six weeks annually of paid time off, competitive health coverage, and commuter benefits.
How long do PCAOB inspections last?
three years
In general, the PCAOB inspects each firm either annually or triennially (i.e., once every three years). If a firm provides audit opinions for more than 100 issuers, the PCAOB inspects them annually. If a firm provides audit opinions for 100 or fewer issuers, the PCAOB, in general, inspects them at least triennially.
How does the PCAOB make money?
The largest source of funding for the PCAOB comes from the companies whose financial statements must be audited by PCAOB-registered firms.
Who sits on PCAOB?
The Securities and Exchange Commission today announced the appointments of Erica Y. Williams as Chairperson and Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson as Board members of the Public Company Accounting Oversight Board (PCAOB).