SEC Accounting Chief Pushes for Global Harmony on Audit Rules

The SEC’s top accountant called Thursday for the US audit board to lean on international standards when updating rules used to vet the revenues and asset values for some of the largest companies in the world.

The Public Company Accounting Oversight Board should also take a more active role in developing audit standards used outside of the US, said Kurt Hohl, chief accountant to the Securities and Exchange Commission.

“I’d like to see a greater push for convergence on auditing standards,” Hohl said in remarks addressing a conference at Baruch College in New York. “It’s going to greatly ...