Right here’s a nice little Friday news dump for y’all to hand-wring over as we head into the weekend:
Securities and Change Fee Chairman Gary Gensler has fired the U.S.’s prime accounting regulator, a transfer that’s sure to please investor advocates and progressives who had demanded an overhaul of the watchdog.
The SEC introduced the removing of Public Firm Accounting Oversight Board Chairman William Duhnke in a Friday assertion. He was changed on an appearing foundation with PCAOB board member Duane DesParte.
Moreover, the SEC announced it intends to hunt candidates to fill all 5 board positions on the PCAOB. So, uh, see ya previous guard I assume.
Thus far we all know of at the very least one one that is celebrating this information.
William Duhnke tried to destroy the audit occupation — and the safety of traders from auditors who’ve forgotten their skilled duties — from the within out. He neither knew nor cared to grasp how auditors safeguard capital markets. Good riddance.
— Francine McKenna (@retheauditors) June 4, 2021
Really, make that two. Let’s not overlook the senior staffer born in China who sued the PCAOB for wrongful termination, claiming that Duhnke himself known as the Rona “KungFlu” in her presence.
SEC Proclaims Removing of William D. Duhnke III from the Public Firm Accounting Oversight Board; Duane M. DesParte to Function Appearing Chair [SEC]
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