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March 29, 2023

When accounting goes unaccounted for

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Robert Hurt

SEC

Yes, the House Bill That Bans Auditor Rotation Is Terrible But There May Be an Upside

by Caleb Newquist
As you know, yesterday the House of Representatives passed H.R. 1564, the Audit Integrity and Job Protection Act, with bipartisan support, 321-62. The charge was led by the bill's co-sponsors, Rep. Robert Hurt (R-VA) and Rep. Gregory Meeks (D-NY). Here's an enthusiastic statement from Rep. Hurt via Accounting Today: