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Dbpr Cpa 5012 1  Form

Dbpr Cpa 5012 1 Form

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hey there CPA Club Community I'm Chris vanover back with another five points episode today we're tackling the latest on the evolving regulatory landscape under Trump's return to the White House focusing on potential shifts at the STC and the pcaob there's a lot to unpack here so let's dive into the five key points you need to know Point number one in 2020 the Trump Administration actually proposed was merging the pcaob into the SEC as part of a broader deregulatory push that aimed to reduce compliance burdens on audit firms and eliminate perceived duplicity between the two organizations the goal was to streamline financial oversite and consolidate resources avoiding any overlap in their functions however the proposal actually faced pretty strong opposition particularly from the Democratic controlled House of Representatives who argued it would really under the PC's Independence and weaken safeguards around audit quality point two the 2021

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