SEC Backs Rule for Boosting Audit Quality, as Republicans Dissent

Also, Kalshi's plans for election bets halted for now; Get ready for Basel day

Auditing standards are hardly the most headline-grabbing topic on the SEC’s agenda these days, but few things Gary Gensler does come without controversy. So no surprise, it was plenty contentious today as the commission voted to 3-2 to approve a new PCAOB rule that bolsters accounting firms’ systems for ensuring the quality of their work. The chair hail…