Lynn Turner on Legislation That Would Eliminate the PCAOB - Corporate Crime Reporter

Lynn Turner on Legislation That Would Eliminate the PCAOB - Corporate Crime Reporter

Legislation moving through the House of Representatives would fold the Public Company Accounting Oversight Board (PCAOB) into the Securities and Exchange Commission (SEC).  The bill provides no funding for the operations of the PCAOB once folded into the SEC – thus effectively putting the PCAOB out of business. Last week a group of former SEC officials, PCAOB advisory committee members, and former auditors – wrote to Congressional leaders urgin…