Republicans plan to break the US audit regulator

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Republican MPs, as part of a reform package designed to give Donald Trump’s Deregulatory Agenda, as part of the ENON scandal, which are more than two decades, the United States will close the built-in audit regulator.

The proposal of the independent public company to eliminate the accounting staff was published on Friday for the leadership of the Home Committee for Financial Services, for a congressional review to enter a huge tax and spending invoice.

Under Legislative projectCompanies and broker-sellers who requested PCAOB and a levy in broker-sellers will participate in the organization’s duties on the Securities and Exchange Commission.

The regular inspections of PCAOB inspection standards were conducted after the previous self-regulatory regulation of US public companies after Enroob’s collapse and collapse in 2001.

Accounting companies Agency Against the active administration of Ericaiams, which new standards applied and recorded records in record flow.

Any effort to eliminate the agency can probably resist the Democrats and can not receive the full confirmation of audit firms.

The audit quality center, which represents the biggest firms, called on the agency More reaction It was stopped to accounting firms, but to remove it.

Although PCAOB employees are given a chance to transfer their roles to seconds, in many cases, the organization will receive salary cuts because the government is not subject to payment. Critics said that such an action will significantly violate the audit system.

The proposal is facing procedural obstacles. In the coming days, it will go to the full-scale home committee on financial services. However, this will depend on the report, which includes a tax and spending invoice known as a reconciliation bilateral, the report of the Republic and the Senate as part of the republic and the budget event.