James Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator.
The Public Company Accounting Oversight Board, or PCAOB, oversees the big firms that sign off on the books of America’s listed companies. And the board was “moving too slowly,” Schnurr said, to address auditing failures that in recent years had shaken public confidence in those firms.
These were fighting words in the decorous auditing profession, and they hit their target. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke. And Schnurr was Doty’s new supervisor.
“This is going to get ugly,” Doty said to a colleague afterward.
US workers at John Deere plants have accused the company of acting on “greed” as America’s...
About two weeks since its meteoric debut, shares of Truth Social are slumping, wiping out billions...
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling...
The US workforce added 303,000 jobs last month, far more than expected and the 39th straight...
