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BTCC / BTCC Square / Global Cryptocurrency /
Republicans Propose Shutting Down US Audit Regulator PCAOB

Republicans Propose Shutting Down US Audit Regulator PCAOB

Author:
Global Cryptocurrency
Published:
2025-04-26 19:55:01
19
1

House Republicans have advanced legislation to dismantle the Public Company Accounting Oversight Board (PCAOB), the audit watchdog established post-Enron. The proposal would transfer its oversight duties to the SEC and eliminate funding mechanisms.

Democrats are expected to mount fierce opposition to the plan, which critics argue would weaken corporate accountability. The move comes amid complaints from some accounting firms about PCAOB chair Erica Williams’ leadership.

|Square

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