What types of accounting firms are subject to annual inspections by the PCAOB?
The PCOAB is required to conduct annual inspections of registered public accounting firms that are responsible for providing audit reports to more than 100 issuers.
Those public accounting firms that provide audit reports for 100 or fewer issuers must be inspected at least once every three years. In 2019, there were only 19 public accounting firms that met the 100-issuer requirement.
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