backOn September 24, 2025, PCAOB Acting Chair George R. Botic delivered remarks at the Program on International Financial Systems (PIFS) U.S.-China Symposium. In his remarks, Botic discussed the historical evolution of limited liability corporations, the critical role of financial statement auditors in capital markets, and the development of regulatory oversight, including the PCAOB’s mission. Botic emphasized the importance of global cooperation in audit oversight, especially with respect to cross-border audits involving China. He highlighted the need for trust, transparency, and high-quality audits to maintain investor confidence and market integrity. He also addressed challenges posed by technological advancements and the importance of adapting regulatory frameworks to new risks and innovations.
Acting Chair Botic’s remarks can be found here.