The PCAOB is under siege. Critics say it's overreached its mission while supporters argue we've forgotten why it was created: to prevent another Enron or WorldCom. On this episode of The Pre-Read, Workiva Industry Principals Chelsea Hall and Grant Ostler join for a roundtable to discuss what's broken and what's worth saving. We examine the push to dismantle the board and roll its responsibilities into the SEC. We also discuss what executives need to keep in mind, the importance of maintaining investor confidence in financial reporting, and how leveraging technology can streamline compliance and reduce the burden of documentation. 0:00 Introduction 01:40 What's going on with the PCAOB? 03:20 Is this political theater or a real threat? 05:00 Why the PCAOB matters to the C-suite 06:30 The value of audits as a foundation for capital markets 08:00 Where the PCAOB may have missed the mark 10:15 The cost of compliance 13:30 Investor concerns on regulation and efficiency 16:15 How companies can prepare for change 17:30 Finding the balance between regulation and efficiency Enjoy this episode? Find past conversations of us surfing the uncharted waters of accounting, finance, risk, and wherever else the waves take us at workiva.com/pre-read-podcast. Subscribe to catch all our upcoming episodes, including episodes about the latest conversations in all things finance, sustainability, audit, and risk.

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