The Fight Over the PCAOB's Future Begins

Also, CFPB funding targeted by House Republicans as court saga continues to unfold; ousted NCUA board members sue

House Republicans’ attempt to eliminate the PCAOB in the tax and spending bill moving through Congress has stunned the auditing overseer’s staff and sent shockwaves through the accounting industry. The measure’s chances of becoming law are uncertain at best. But even if it ultimately doesn’t pass, the GOP’s aims are now clear – and the battle over the b…