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Don’t Dismantle America’s Audit Regulator—It’s a Strategic Asset Against China

Summary by promarket.org
Congress is considering eliminating the Public Company Accounting Oversight Board, the independent federal agency that “audits the auditors.” Karthik Ramanna and Nemit Shroff write that elimination of the PCAOB would be a strategic blunder that would undercut President Donald Trump’s own industrial policy and trade initiatives. Tucked into the latest House reconciliation bill is a stealth proposal to eliminate the Public Company Accounting Overs…
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promarket.org broke the news in on Monday, June 2, 2025.
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