The PCAOB on August 26, 2025, said that it has formed the Smaller Firm Resource Group, an advisory group of audit professionals from smaller accounting firms.
The new panel, which consists of 12 members, will advise PCAOB staff on the following:
- Auditing and related professional practice standards
- Inspections
- Economic considerations, including—but not limited to—the costs and benefits of PCAOB programs and their impact on audit quality among smaller firms, with the goal of protecting investors.
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