Bloomberg Tax
March 10, 2020, 4:49 PM

U.S. Audit Board Forges Ahead Amid Call to Fold Duties into SEC

Amanda Iacone
Amanda Iacone

The U.S. audit regulator is watching closely to see whether a White House budget proposal that would fold its work into the SEC will gain traction on Capitol Hill.

The Public Company Accounting Oversight Board has no control over the legislative process, and is focused on its mission in the meantime, Chairman Will Duhnke said Tuesday at a Council of Institutional Investors conference in Washington. So far the proposal has been widely criticized by former regulators and House Democrats.

  • “We’ve told our own people, let’s just focus on our work. We still have our statutory responsibilities. We’re going to ...