The Public Company Accounting Oversight Board (PCAOB) issued a request for public comment on June 23, 2026, seeking input on its standard-setting and research agendas. This includes revisiting old projects such as noncompliance with laws and regulations (NOCLAR) and firm and engagement performance metrics – both of which some investor protection advocates supported but were criticized by audit firms when they were developed during Erica Williams’ tenure as PCAOB chair. After Donald Trump was elected President, the board set aside these projects, which were either in advanced stages or had been recently completed.
The document also asks for input on the board’s approach to developing auditing standards, and the potential effects of a recent Securities and Exchange Commission (SEC) proposal related to optional semi-annual reporting.
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