Welcome to AccelPro Audit, where we provide expert interviews and coaching to accelerate your professional development. Today we’re featuring a conversation with Jay Brown, Lawrence W. Treece Professor of Corporate Governance at University of Denver and former Public Company Accounting Oversight Board (PCAOB) board member.
When the PCAOB released its priorities for inspections in 2023, fraud topped the list. Why is the audit field’s regulatory body focusing more on fraud now? What does that mean for practitioners in the trenches? And what steps can responsible auditors take to ensure they're following best practices when it comes to fraud detection?
To answer these questions we went straight to the source: Jay Brown is a former PCAOB board member who left the organization in 2021 to return to his former work as a professor of corporate governance. He spoke to AccelPro Audit about the chasm between investors’ and auditors’ expectations regarding fraud detection, his view of the current PCAOB leadership, nuts and bolts advice for practicing auditors and what steps to take if you’re interested in getting involved in regulation and policy in your career.
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