Securities,
Government,
Administrative/Regulatory
Apr. 9, 2020
White House budget proposes to fold PCAOB into SEC by 2022
The White House recently issued its proposed 2021 budget that seeks, among other things, to stop wasteful and unnecessary spending by eliminating duplicative programs and regulations. This effort would include eliminating the Public Company Accounting Oversight Board and transferring its functions and authority to the Securities and Exchange Commission beginning in 2022.
Michael L. Lawhead
Michael is a partner with the firm's Securities and Corporate Governance Practice Group, based in its Costa Mesa office.
The White House recently issued its proposed 2021 budget, titled A Budget for America's Future. The 2021 budget seeks, among other things, to stop wasteful and unnecessary spending by eliminating duplicative programs and regulations. This effort would include eliminating the Public Company Accounting Oversight Board and transferring its functions and authority to the Securities and Exchange Commission beginning in 2022. The 2021 budget would eliminate PCAOB funding st...
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