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SEC Gives PCAOB the Green Light to Clean House
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Subscribe07 JAN 2025 / SEC UPDATES
The SEC has approved Rule 2107 by the Public Company Accounting Oversight Board (PCAOB), set to be enforced in 2025, aimed at removing non-compliant and inactive firms from the registry. The move, according to PCAOB Chair Erica Williams, is aimed at ensuring registry credibility, promoting transparency, and optimizing resource use.
The Securities and Exchange Commission (SEC) has greenlit Rule 2107, a bold move by the Public Company Accounting Oversight Board (PCAOB) to clean house and remove inactive firms. Following a blockbuster 2024, where the PCAOB imposed over $35 million in f...
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