SEC Ousts Head of Top Audit Regulator Amid Warren Pressure
- PCAOB Chairman William Duhnke replaced by Duane DesParte
- Progressive Democrats had called for Duhnke’s removal
Gary Gensler
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
The Securities and Exchange Commission, led by Chairman Gary Gensler, has fired the U.S.’s top accounting regulator, a move that is certain to please investor advocates and progressives who had demanded an overhaul of the watchdog.
The SEC announced the removal of Public Company Accounting Oversight Board Chairman William Duhnke in a Friday statement. He was replaced on an acting basis with PCAOB board member Duane DesParte.