The PCAOB oversees the audits of public companies and SEC-registered brokers and dealers in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports.
Job Description Summary
The PCAOB has a full-time, regular position for an Assistant Chief Auditor in the Office of the Chief Auditor (OCA) at its Washington, DC headquarters or New York, NY office. An Assistant Chief Auditor plays an important role in the oversight of the auditing profession by advising the Board on the establishment of auditing and related professional practice standards. Assistant Chief Auditors have a range of responsibilities, and will interact with the Board, other PCAOB divisions, the Board’s advisory groups, the U.S. Securities and Exchange Commission (SEC) and other experts and thought leaders.
- Participates in inter-disciplinary research teams to conduct research and outreach regarding key matters affecting audits of issuers and SEC-registered brokers and dealers, to identify problems requiring regulatory action and to develop and analyze regulatory policy alternatives. Research activities generally include, but are not limited to, evaluation of academic research, empirical data, and observations from PCAOB oversight activities. Outreach activities may involve a variety of experts and parties of interest, including academic researchers, investors, financial executives, audit committee members, and auditors. This also may involve development of Concept Releases or Staff Consultation Papers, or participation in public roundtables.
- Participates in inter-disciplinary teams to develop, based on research and outreach, releases setting forth new and revised auditing and professional practice standards, along with accompanying regulatory analysis of the reasons for change and potential impacts of the changes. This includes identifying and making recommendations addressing key policy questions regarding the project.
- Reviews, analyzes and summarizes public comments in response to proposals and assists in resolving policy considerations.
- Participates in briefings to the Board, the SEC, and other external parties (e.g., provides a summary of research and outreach activities performed and insights gained, key policy issues, summary of public comments received etc.).
- Participates in developing staff guidance to highlight for auditors and the public new, emerging, or noteworthy circumstances that may affect how auditors conduct audits under, or otherwise comply with, the existing requirements of the standards and rules of the PCAOB and relevant laws.
- Advises other PCAOB divisions on policy and technical issues related to the administration of PCAOB standards.
- Participates in meetings of the PCAOB’s Standing Advisory Group (SAG), including developing SAG briefing papers.
- Participates in task forces composed of representatives from various groups including, but not limited to, investors and the audit profession.
- Serves as the initial point of contact for external inquiries regarding the Board’s standards, responsible for understanding and researching relevant issues and working with others in the division to arrive at an appropriate response.
- Interacts with members of external groups or organizations including investors, regulators, standards setters, professional bodies, auditors, academics, audit committee members, and financial executives.
- Represents PCAOB at conferences and other meetings.
- Assists in certain administrative tasks of OCA.
- Requires a Bachelor’s degree, advanced education/professional certification or equivalent experience.
- Minimum of 10+ years prior relevant experience.
- Current CPA license or equivalent license.
- Strong knowledge of PCAOB auditing and related professional practice standards including independence, ethics, attestation, and quality control standards, relevant accounting standards, and SEC financial reporting requirements.
- Excellent communication skills, both oral and written.
- Ability to interact with investors, public company executives, senior members of the audit profession, and other experts and thought leaders.
- Ability to collaborate and promote teamwork, solve problems and show openness to new ideas.
- Ability to challenge the status quo, take initiative, is proactive and innovative.
- Excellent organizational and project management skills, and ability to manage multiple priorities while meeting deadlines.
- Ability to use research, analysis, and experience to inform decisions.
- Ability to stay abreast of current developments and industry trends relevant to accounting and auditing.