So What If the SEC Swallowed the PCAOB?
Skepticism is called for in reaction to the budget proposal to roll up the U.S. audit regulator, the Public Company Accounting Oversight Board, into the Securities and Exchange Commission, its statutory overseer. Do not mistake this reluctance to join the anxieties voiced by the usual suspects—among them former SEC chairman Arthur Levitt and former PCAOB chairman Jim […]
Unsurprisingly, James Doty Is Not a Fan of the PCAOB Possibly Being Folded Into the SEC
The former PCAOB czar joins a group of people that includes ex-SEC chairman Arthur Levitt, former PCAOB interim chairman Dan Goelzer, and others who say the Trump administration’s 2021 budget proposal to consolidate the duties of the audit regulator under the SEC starting in 2022 would be a big mistake. In a blog that was […]
Let’s See What Some Folks Are Saying About the Proposal to Fold the PCAOB Into the SEC
Since we posted our take last week about the Trump administration’s fiscal year 2021 budget proposal to eliminate the PCAOB and fold its duties into the SEC by 2022, we’ve gotten some emails from accountants about what they think of the PCAOB. Most of them have been negative, like this one: Reducing or better yet, […]
Could We Soon Be Living In a PCAOB-less World?
I cut out of the office early yesterday afternoon to watch my oldest daughter’s junior high basketball game, thinking: “It’s a slow news day, I’m not missing out on anything.” It wasn’t until I had my first cup of coffee this morning that I saw a couple of articles posted yesterday afternoon, including one from […]