US Audit Board’s Role Still Sparks Debate Two Decades Post-Enron
Talking Tax25 Kesä 2025

US Audit Board’s Role Still Sparks Debate Two Decades Post-Enron

Congress is reconsidering the accounting guardrails it put in place more than two decades ago to ensure investors can trust the revenues and asset values listed companies publish. Republican budget proposals would abolish the US audit regulator and reassign its work to the Securities and Exchange Commission. While lawmakers negotiate over what will end up in a final version of their tax and spending bill, the proposals have prompted debate over how best to regulate auditors and the role of the Public Company Accounting Oversight Board. A member of the board and two former executives turned whistleblowers of once-corporate titans Enron Corp. and WorldCom Inc. spoke with Bloomberg Tax reporter Amanda Iacone about whether the audit regulator should remain independent or whether it would benefit from being folded into the federal government. On this episode of Talking Tax, Sherron Watkins, a former Enron finance executive, and Cynthia Cooper, a former WorldCom chief audit executive, argue that Congress shouldn’t scrap an agency that oversees auditors that act as investors’ last line of defense. To Christina Ho, a current PCAOB member who has objected to the board’s approach, moving auditor oversight to the SEC would counter what she sees as regulatory overreach and provide new opportunities to improve audit quality. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Jaksot(431)

California Explores Relaxing CPA Education Rules

California Explores Relaxing CPA Education Rules

California regulators are prepared to walk away from strict licensing rules that require accountants to earn the equivalent of five years of college to qualify. The California Board of Accountancy has...

29 Loka 202419min

Corporate Tax Leaders Weigh AI's Risk-Reward Calculus

Corporate Tax Leaders Weigh AI's Risk-Reward Calculus

Artificial intelligence is becoming a bigger part of tax practice and policy every day. The Big Four are spending billions of dollars on AI models, and even mid-tier accounting firms seem willing to a...

23 Loka 202414min

Corporations Face Tax Uncertainty Ahead of 2025 Cliff

Corporations Face Tax Uncertainty Ahead of 2025 Cliff

The fate of the 2017 GOP tax overhaul is top of mind for corporations in the weeks leading up to the election. Many of the law's provisions are expiring in 2025, setting Congress up to negotiate anoth...

16 Loka 202411min

Tax Pros Grapple With Complex Corporate Book Tax Rules

Tax Pros Grapple With Complex Corporate Book Tax Rules

After more than two years, the Treasury Department has proposed rules to implement the new minimum tax on companies’ book income. Now comes the hard part. The regulations, which Treasury issued last m...

9 Loka 202412min

Reading Signals From Apple's $14 Billion EU Tax Ruling

Reading Signals From Apple's $14 Billion EU Tax Ruling

The European Court of Justice's ruling against Apple Inc. over a $14.4 billion Irish tax bill stunned members of the international tax community, who said it throws the high court's precedent on tax s...

2 Loka 202411min

Multistate Tax Group's Counsel Talks State Consistency

Multistate Tax Group's Counsel Talks State Consistency

The Multistate Tax Commission dates to the 1960s, yet the intergovernmental tax agency and its mission on behalf of state revenue departments are often not well understood. The map of tax laws and reg...

25 Syys 202415min

Reliving Lessons From Tax Overhaul Ahead of 2025 Cliff

Reliving Lessons From Tax Overhaul Ahead of 2025 Cliff

The GOP's 2017 tax law—the biggest change in the US tax code in three decades—left a mammoth task for the IRS and Treasury Department. It resulted in the Treasury and a severely underfunded IRS creati...

18 Syys 202415min

How House Democrats Are Readying for 2025 Tax Talks

How House Democrats Are Readying for 2025 Tax Talks

Rep. Brad Schneider (D-Ill.) likes to be prepared. Schneider and fellow House Democrats are getting behind-the-scenes briefings that started this summer to bone up on their tax policy knowledge ahead ...

11 Syys 202414min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
politiikan-puskaradio
tervo-halme
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
rikosmyytit
the-ulkopolitist
linda-maria
radio-antro
rss-sanna-ukkola-show-verkkouutiset
io-techin-tekniikkapodcast
aihe
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset