Market Regulation

Reconciliation Proposal to Eliminate the Public Company Accounting Oversight Board Will Expose Investors to Hundreds of Billions in Losses

The Consumer Federation of America outlines the dangerous consequences of a proposal to eliminate the Public Company Accounting Oversight Board (PCAOB), detailing the historical context of past accounting scandals, the critical role of the PCAOB in maintaining market trust, and why dismantling these protections could expose investors to hundreds of billions in potential losses.