Republicans are planning to cancel the audit regulator

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Republican lawmakers are planning to close the American audit organizer, which was established in the wake of the Enron scandal more than two decades ago, as part of a repair package designed to connect the Donald Trump agenda.

The proposal for the abolition of the Supervision Council was published on the accounting of the independent public company late on Friday by the leadership of the House of Representatives for Financial Services, for its inclusion in the giant tax and spending bill seen by Congress.

under Legislation projectThe imposition of a tax on the listed companies and brokers who finance PCAOB will be canceled and the responsibilities of the organization will be folded in the Securities and Stock Exchange Committee.

PCAOB was created to oversee audit standards and make regular inspections for companies that review American public companies after the ENRON collapsed in 2001 exposed palaces in the previous self -regulatory system.

Accounting companies have withstood the leadership of sand activists Erika Williams, under which the agency imposed difficult new standards and standard fines extracted in enforcement procedures.

It is possible that any effort to eliminate the agency will meet resistance from Democrats and may not receive full support for auditing companies.

The audit quality center, which represents the largest companies, called for the agency More To accounting companies, but they have stopped calling for disposal.

While PCAOB employees will be given the opportunity to transfer their roles to SEC, in many cases they must take wage cuts because the organization is not subject to government wages. Critics said that such a move would significantly disrupt the system of checking the audit companies.

The proposal faces procedural obstacles. You will go to the Committee of the Parliament’s full parliament for financial services for approval in the coming days. But whether it will be included in the draft tax and spending law, known as the reconciliation bill, will depend on negotiations within the Republican leadership in the House of Representatives and the Senate and whether it is considered a budget.