A great American audit organizer paid by the new SEC president Donald Trump

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The head of the Securities and Stock Exchange Committee, Paul Atkins, prompted the main American audit organizer, which was criticized for imposing tougher sanctions on large accounting companies during their term.

Erica Williams She told the employees of the Accounting Council for the public company on Tuesday that Atkins asked for a resignation and that it would leave the agency that has led it since 2022.

The audit profession was to cheat in PCAobIt is a more aggressive approach under its leadership, which included the provision of wide new audit standards and imposing standard fines on accounting companies due to violations, and called for changing the direction.

Republicans suggested canceling the agency, although the legislation that would have transferred its responsibilities to the Supreme Education Council did not reach the “great and beautiful bill” that was approved this month.

Atkins, the light touch champion that was divided into the SEC chair in April, pointed to a break from the policies of Joe Biden administration, where he threw more than ten rules motivated by his predecessor, Gary Ginsner.

SEC supervises PCAob and Atkins is the third consecutive president to clarify the agency’s leadership after taking office.

In a statement, Williams said that strong audit standards were decisive to US capital markets and warned against overcoming the agency.

“With the increase in high economic uncertainty of the risk of fraud, the PCAOB mission is a task as it has always been,” she said. “It is important for PCAob employees to continue to implement their work to ensure the protection of American investors.”

In his own statement, Atkins said that before Williams resigned. He said: “We look forward to the progress of our responsibilities in overseeing PCAOB because it continues its important work.”

ATKINS was a voic for PCAOB for a long time as the Securities and Stock Exchange Commissioner in the first decade of the twentieth century, when he asked about the size of his budget and the practical application of some early audit criteria.

The agency was established in the wake of the Enron scandal to impose the rules designed to prevent conflicts of interest in accounting companies and check the auditing of companies listed in the United States.

Williams fought the Republican effort to cancel the agency, on the pretext that the Supreme Education Council will struggle to repeat the inspection system, especially its ability to oversee foreign audit companies.

In her e-mail for employee members, she praised their effort to raise the standards after inspections showed an increase in the missing audit work in the wake of the Covid-19s.

She said, “” The land of the stakeholders who gathered to support PCAB in the face of modern legislation “was a testimony of the value of their work.