The One Big Beautiful Bill Act eliminates the Public Company Accounting Oversight Board.
Is this good for the accounting profession?
The PCAOB costs $400 million a year.
Is it worth it?
In this episode of the Earmark Podcast, I seek answers to these questions from three of the nation's leading accounting academics:
Maureen McNichols from Stanford
Nemit Shroff from MIT
Daniel Aobdia from Penn State
These researchers have spent years studying the PCAOB's impact on audit quality and capital markets.
I went into this interview skeptical of the PCAOB's value. I left with a different perspective.
There's a reason we haven't had a major public company fraud like Enron or WorldCom in 20 years. There’s also a reason the PCAOB was targeted.
Tune in to learn why: https://podcast.earmarkcpe.com/92
Earn free CPE after you listen by taking a 5-question quiz on Earmark — instructions in the episode.
