Public Company Accounting Oversight Board (PCAOB)
Sarah M. Madris is an experienced audit and regulatory leader currently serving as the Assistant Chief Auditor and Audit Quality Leader at the Public Company Accounting Oversight Board (PCAOB) since July 2019. In this role, Sarah plays a critical part in shaping auditing standards that protect capital markets. Previously, from July 2012 to September 2016, Sarah worked as an Inspection Specialist at PCAOB, where extensive experience in assessing and enhancing audit quality was applied to ensure compliance with professional standards. Prior to joining PCAOB, Sarah served as an Audit Senior Manager at Deloitte, leading various audit engagements for regional banks and investment firms. Additional experience includes roles as an Audit Senior at BDO USA, LLP, and Senior Accountant at Leon, Tarlowe, & Saper CPAs, focusing on real estate audits. Sarah holds a degree from Touro University.
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Public Company Accounting Oversight Board (PCAOB)
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The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission (SEC), including compliance reports filed pursuant to federal securities laws. The PCAOB has four primary duties: - Register public accounting firms that prepare audit reports for issuers, and SEC-registered brokers and dealers. - Establish or adopt auditing and related attestation, quality control, ethics, and independence standards. - Inspect registered public accounting firms' audits and quality control systems. - Investigate and discipline registered public accounting firms and their associated persons for violations of specified laws, rules, or professional standards. In support of our mission, we also conduct economic research and risk analysis, engage with our stakeholders and other domestic and international regulators, and manage a talented workforce and the technology and resources we need to perform our duties. The SEC has oversight authority over the PCAOB, including the approval of the Board's rules, standards, and budget. The PCAOB has approximately 800 staff members. We maintain our headquarters in Washington, D.C., and have 15 other offices or locations across the United States. As of December 31, 2021, in 83 jurisdictions across the globe, 1,709 public accounting firms were registered with the PCAOB.