Internal Oversight
In early 2004, the Public Company Accounting Oversight Board created the Office of Internal Oversight and Performance Assurance (IOPA) to provide internal examination of the programs and operations of the PCAOB and, in so doing, help ensure the efficiency, effectiveness and integrity of those activities.
IOPA conducts performance reviews and real-time quality assurance of PCAOB functions and programs. IOPA’s role at the PCAOB is similar to that of an Inspector General in a government agency.
Specifically, IOPA conducts annual and special reviews and inquiries, to help ensure that the PCAOB:
- Identifies and appropriately addresses risks to the integrity and effectiveness of its programs and operations.
- Identifies and implements opportunities to improve the effectiveness or efficiency of those programs and operations.
- Reports material and relevant financial and operating information , including performance and financial information, in a fair, complete, reliable and timely manner to the public, Congress and the Securities and Exchange Commission.
- Complies with applicable laws, regulations, and policies, and encourages and enforces such compliance by PCAOB employees.
- Appropriately safeguards and uses resources in an efficient manner.
- Conducts its programs and operations so as to protect and promote the public interest in the integrity of audits.
IOPA reviews will generally culminate in reports issued to the Board which often will include recommendations to enhance Board operations.
If you wish to provide information relating to a PCAOB employee, you should do so by providing information directly to the PCAOB’s Office of Internal Oversight and Performance Assurance (IOPA). To do so, you may send an e-mail to that office, call 202-207-9293, or write a letter to:
Peter Schleck, Director, Internal Oversight and Performance Assurance
Public Company Accounting Oversight Board
Suite 800
1666 K Street, NW
Washington, DC 20006
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