Folding PCAOB functions into the SEC … Support, Oppose or Indifferent? Give reasons.

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Indifferent unless it leads to an erosion of regulations.

Any accountant who wants the SEC/PCAOB functions to go away entirely is brain dead. Say bye bye to the unparalleled job security we’ve had since 2001.

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Yeah I’d argue it’s a brain dead argument to think that job security would be substantially different than it has been since post-2001

I don't care, as long as the SEC goes away.

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Support. Could be more efficient in that audits and audited companies can be reviewed concurrently. The PCAOB has become too adversarial. Many findings are too myopic and audits are considered ‘failed’ for immaterial items. I do believe there should still be a review function of audits as that provides benefits.

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PBAOB is a great example of Congress misdiagnosing the problem and providing the wrong solution. It should not exist.

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