Republicans plan to repeal the U.S. audit regulator PCAOB
2025-04-26 19:23:22
According to the Financial Times, late on Friday local time, the leadership of the US House Financial Services Committee released a proposal to abolish the independent Public Company Accounting Oversight Board (PCAOB), which is to be included in the large tax and spending bill under consideration in Congress. Under the draft legislation, a tax levied on public companies and broker-dealers to fund the PCAOB would be eliminated, and the agency's responsibilities would be merged into the Securities Exchange Commission. (Jin Ten)
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