SEC Punts on Approving Audit Rules -- Giving the Industry a Win, at Least for Now
Also, Hauptman expected to lead NCUA; Yellen's warning against deregulation; Scott's banking priorities
A push by the PCAOB to get two controversial audit standards enacted in the waning days of the Biden administration was quietly put on hold by the SEC yesterday, a big win for accounting firms. But the decision allows the fight to be rekindled in two months, and the industry is concerned that the victory could slip away, even with Republicans taking ove…