I still remember sitting in a partner meeting years ago when someone said, “The regulator will catch it before we do.” Half the room nodded. The other half stared at the floor. That line feels different in 2026. With the Trump administration c...
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If Audit Oversight Shrinks, Do Lawsuits Expand?
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Subscribe19 FEB 2026 / ACCOUNTING & TAXES
The Trump administration has reduced the Public Company Accounting Oversight Board (PCAOB)'s budget by 9% and installed Jim Logothetis, a 40-year EY veteran, as chair, signaling a desire for a leaner PCAOB that focuses on key missions such as consequential misconduct rather than process policing. The cutbacks are stoking concerns about whether this decrease in regulatory scrutiny may result in a spike in litigation against accounting firms.
I still remember sitting in a partner meeting years ago when someone said, “The regulator will catch it before we do.” Half the room nodded. The other half stared at the floor. That line feels different in 2026. With the Trump administration c...
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