About the Public Company Accounting Oversight Board “PCAOB”

The PCAOB is a nonprofit corporation established by Congress in the USA to oversee theauditsofpubliccompaniesinordertoprotect investors and the public interest by promoting informative, accurate, and independent audit reports.

The PCAOB also oversees the audits of broker and dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.

The Sarbanes-Oxley Act of 2002, which created the PCAOB, required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history. Previously, the profession was self-regulated.

Cross-border cooperation is fundamental to strengthening audit quality globally and is, therefore, a priority for the PCAOB. The Board maintains bilateral contact with many countries around the world.

Registration

Mamdouh Al Majed and Faisal ALEnzi CPA’s joined PCAOB in early 2013 as none- U.S registred firm.