SEC Pushes Action on Auditor Disclosure Rules to Trump Team (1)

The SEC under outgoing Chair Gary Gensler has deferred action on a pair of contested auditor disclosure rules, handing its review of the proposals to Republican members of the commission critical of the audit regulator that drafted them.

The Securities and Exchange Commission extended the comment periods for the two rules until Feb. 4 and gave itself another 45 days to review the proposals. The Wall Street regulator now has until early March to decide whether to approve or reject the measures from the Public Company Accounting Oversight Board, according to an agency notice dated Jan. 14.

The notice comes ...