The PCAOB has a plan, but it may be a day late and more than a few dollars short

Gary Gensler seems to be taking the Big 4 auditors' advice about how the PCAOB can get its mojo back. Too bad they're pushing a regulatory-lite plan that's a Trojan horse for eliminating the PCAOB.

On October 7, 2022, PCAOB Chair Erica Williams gave a speech to the UCI Audit Committee Summit where she discussed the audit regulator’s 2022-2026 Strategic Plan, issued for comment on August 16.

Williams and her colleagues are starting fresh, having arrived in a nearly clean sweep by SEC Chair Gary Gensler after he fired former SEC Chair Jay Clayton’s …