Fight For Investor Protections Turns To Doty And PCAOB

A financial services fight currently taking shape within the Securities and Exchange Commission is reflective of a common theme over the last 15 years. The battle over the future of the Public Company Accounting Oversight Board, or PCAOB, and the agency’s embattled chair, James Doty, at times is a battle between institutional investors seeking better disclosure in audits and the big four auditors who seek relaxed auditing standards.

Major investors advocate for strong disclosure rules

The issue of what was once considered questionable if not fraudulent behavior being adopted as permissible has been one front in a fight over “who holds sway with regulators in Washington – investors...