- The Trump administration wants to eliminate a panel that regulates accounting firms which vet the books of public companies. The White House says its aim is to eliminate duplication of effort. But critics say that would get rid of oversight that the industry needs.
- The Big Four firms — PricewaterhouseCoopers, KPMG, Deloitte & Touche, and Ernst & Young — audit almost all large U.S. companies, and have recently had a spate of scandals, deficient audits, and other problems, critics of the Trump administration’s plan note.
- Companies from General Electric to Under Armour to Mattel are facing accounting questions. PCAOB inspections have found read more >>>