Adrian JohnsonTLDR:
Weatherhead’s John Keyser discusses criticism of the Public Company Accounting Oversight Board (PCAOB) in a recent paper, highlighting concerns about regulatory fairness and the impact on smaller firms. The PCAOB’s tougher stance under the Biden administration has raised questions about potential market implications.
Weatherhead’s John Keyser examines recent paper highlighting criticism of the Public Company Accounting Oversight Board
John Keyser, assistant professor at Weatherhead School of Management, was featured in a Financial Times article discussing a recent paper that criticized the Public Company Accounting Oversight Board (PCAOB), the federal audit regulator overseen by the Securities and Exchange Commission (SEC). The paper highlighted concerns about the PCAOB’s stricter approach under the Biden administration, potentially disadvantaging smaller firms in the market and raising questions about regulatory fairness.
Key points from the article:
- SEC accused of ‘censorship’ over politically sensitive audit paper
- Criticism of PCAOB under Biden administration’s tougher stance
- Differences in remediation process for big and small firms
Keyser noted that there are disparities in how large and small firms experience the remediation process, implying potential challenges for smaller entities in complying with the PCAOB’s regulations. The concerns raised in the paper shed light on the broader implications of regulatory decisions on market dynamics and competitiveness.
