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SEC’s Peirce to Focus on Audit Regulator’s ‘Legacy Problems’ (1)

Nov. 4, 2019, 5:54 PMUpdated: Nov. 4, 2019, 9:57 PM

The Public Company Accounting Oversight Board’s lingering troubles have the attention of Republican SEC Commissioner Hester Peirce as the new point person for her agency’s oversight of the audit regulator.

Improving audit quality is the main objective, Peirce said on the sidelines of a Nov. 4 conference in New York. The PCAOB has made “great strides” under Chairman William Duhnke, who took office in 2018. But the board continues to wrestle with “a lot of legacy problems,” she said.

“My goal is to see that they continue to make progress addressing these legacy problems,” Peirce told reporters at the Practising ...