The U.S. audit regulator is getting tougher on rule-breaking accountants after years of criticism for its alleged light touch. But there are limits to how much it can change.
The shift is being led by the new chair of the Public Company Accounting Oversight Board, Erica Williams, who said, “When people cheat, you need to…make sure that there are serious consequences.”
Source: Audit Regulator Steps Up Enforcement Under New Leader – WSJ
