🇺🇸📊🚨 PCAOB Chair Warns Against Overhaul as Lawmakers Eye Shutdown 🔹 Summary: PCAOB Chair Erica Williams cautioned that dismantling the audit watchdog could erode investor trust just as Republicans advance legislation to fold its duties into the SEC. The PCAOB, founded after Enron-era scandals, has ramped up enforcement under Williams but faces criticism over its oversight style and executive pay. 🔹 Key Points: • The PCAOB was created in 2002 to oversee auditors of public companies after major accounting scandals. • GOP lawmakers are pushing legislation to eliminate the PCAOB and merge its duties into the SEC. • Williams defended the PCAOB’s role in enhancing audit quality and investor protection, citing recent progress. • Critics argue the PCAOB’s aggressive stance has hurt smaller audit firms and raised compliance costs. • The proposed overhaul now heads to broader legislative discussions, with investor confidence at stake. Tickers Of Interest: $SPY $QQQ $DIA $USD