From the PCAOB website, review the information in “PCAOB Approves Five-Year Strategic Plan and 2019 Budget” (the PCAOB-approved 2018–2022 strategic plan). This strategic plan details five core goals along with supporting objectives to improve the quality, reliability, and transparency of auditing and financial reporting.
Select one specific objective outlined in the strategic plan. In your own words, describe the purpose and goals associated with this objective.
Explain how the elements of the PCAOB’s strategic plan will impact your role as an accounting or auditing practitioner.