“The PCAOB plays a key role in our capital markets through the oversight of the auditors of public companies and broker-dealers registered with the SEC,” said SEC Chairman Jay Clayton. “We should all recognize that these important PCAOB responsibilities are a means to a fundamental end—reliable, consistent, and meaningful financial reporting and high audit quality. I am appreciative of the PCAOB’s continued commitment to use their resources effectively, for enhancing the quality of audit services and evaluating whether any changes are needed to its program and operations.”