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The House Financial Services Committee advanced legislation that would scrap the PCAOB and shift its duties to the SEC https://t.co/T5U0rvYmDt via @WSJ @waldensiew @cdriebusch
A U.S. congressional panel is considering legislation on Wednesday that looks to drastically curtail existing government efforts to police consumer financial markets and scrutinize public company accounting. https://t.co/k1HSOOcnRY
A U.S. congressional panel is set to consider legislation Wednesday that looks to drastically curtail existing government efforts to police consumer financial markets and scrutinize public company accounting. https://t.co/dBGIasY0bw
The U.S. House Financial Services Committee has advanced legislation that proposes dismantling the Public Company Accounting Oversight Board (PCAOB) and transferring its responsibilities to the Securities and Exchange Commission (SEC). This move aims to reduce government oversight of consumer financial markets and public company accounting. However, the U.S. audit regulator has warned that such a plan would weaken an important safeguard that protects investors. The legislation is currently under consideration by a House panel, with discussions ongoing regarding the potential impact on audit and consumer financial market oversight.
