02 Jul Should the PCAOB be obsorbed into the SEC? DISCUSSION
In February the White House made a proposal to have the Public Company Accounting Oversight Board (PCAOB) that was created by the Sarbanes-Oxley Act to be absorbed into the SEC to save on costs. Arthur Levitt, a famous prior Chairman of the SEC during the time of the Enron crisis disagrees. Read his Opinion Article in the WSJ Without an Independent Watchdog, Who Will Audit the Auditors?https://www.wsj.com/articles/without-an-independent-watchdog-who-will-audit-the-auditors-11582156537?mod=searchresults&page=1&pos=15 (Links to an external site.)https://www.becker.com/blog/accounting/white-house-considers-merging-pcaob-with-secInstructions: Read through the above two articles and comment on your agreement or disagreement of this proposal. I just want you to be exposed to this issue which if enacted will affect many of your accounting careers.PLEASE NO LESS THAN 250 WORDS
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