Money
Briefing: New chief of US audit regulator pledges to rewrite key oversight rule
Strategic angle: Jim Logothetis says parts of quality control standard implemented by Biden administration ‘may be unnecessary’
editorial-staff
1 min read
Updated 11 days ago
Jim Logothetis has taken the helm of the US audit regulator and is signaling a shift in regulatory focus regarding the quality control standards.
He has expressed that certain aspects of the current framework, which was implemented by the Biden administration, could be deemed unnecessary.
This potential revision raises questions about the implications for audit quality and oversight mechanisms within the industry.