Republicans plan to abolish U.S. audit regulator PCAOB
According to the Internet, according to the Financial Times, late on Friday local time, the leadership of the U.S. House Financial Services Committee announced a proposal to abolish the independent Listed Company Accounting Oversight Board (PCAOB), which is to be included in the large tax and spending bills being considered by Congress. Under the draft legislation, a tax levied on listed companies and broker-dealers to fund the PCAOB will be eliminated, and the agency's responsibilities will be merged into the U.S. Securities and Exchange Commission. (Jin Shi)
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