US Audit Board Backers Press Senators on Plan to Scrap Watchdog

Pension funds, academics, and former members of the US audit board are urging senators to remove a provision from a sweeping House-passed tax and spending bill that would sunset the Enron-era regulator.

Senate rules limiting the legislation to budget matters should save the Public Company Accounting Oversight Board from the chopping block, a group of more than three dozen academics and former board members said in a letter to Senate banking and budget committee leaders.

The House GOP-backed provision to eliminate the PCAOB represents a substantial policy decision with little impact on the federal deficit and shouldn’t be included ...