SEC Greenlights PCAOB Amendment: A Move Toward Greater Accountability

The SEC has approved a critical amendment by the Public Company Accounting Oversight Board (PCAOB) to address the status of non-operational accounting firms. Set to take effect in 2025; the rule provides a new mechanism for deregistering firms that fail to file reports and pay fees for two consecutive years. This move aims to streamline oversight and enhance the accuracy of public records.

Curious about the full implications? Read more about this update.