An Original PCAOB Board Member Makes the Case for the Endangered Audit Overseer

Also, McKernan now nominated for top Treasury post; new staff at Fed supervision; senator presses exchanges on listing Chinese companies

Friday Q and A: Conservatives have long wanted to abolish the PCAOB, but now Republicans on Capitol Hill are finally moving to get it done in the tax and spending bill winding through Congress. The effort has put the sleepy auditing overseer back in the limelight and unleashed a contentious battle over its future – one that might have a few more twists …