Warren Urges Treasury to Probe Revolving Door With Big CPA Firms

Two Democratic lawmakers urged Treasury’s inspectors general to investigate the practice of recruiting senior policy staff from the largest U.S. accounting firms, calling the revolving door practice “corrupt.”

Sen. Elizabeth Warren (Mass.) and Rep. Pramila Jayapal (Wash.) said in a letter to two Treasury officials that their own investigation “raised new concerns about the accounting giants that take advantage of these revolving-door schemes.”

• The lawmakers cite previous reporting from The New York Times that said that the former accounting firm lawyers created new tax loopholes that benefited their former clients during their tenure at Treasury and the IRS.
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