Wall Street’s top regulator is forming a new enforcement unit for accounting matters while cutting staff at an outside watchdog formed to police the accounting industry in the wake of the Enron-era scandals of the early 2000s, according to job postings and a person familiar with the matter.
The moves suggest the U.S. Securities and Exchange Commission is seeking to absorb some functions normally assigned to the Public Company Accounting Oversight Board, an organization that has fallen into disfavor in Republican-controlled Washington…. [2638 chars]
Source: Reuters | Published: 2026-03-19T21:56:28Z
Credit: Reuters
