The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.
A public interest entity (PIE) refers to an institution subject to special statutory audit requirements due to the potential broader or more significant consequences of misstatements in its published accounts. This is particularly relevant within the EU regulatory framework.
