SEC probing former chair of auditing industry regulator – WSJ

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXNPEH5G14B_L.jpg

The Securities and Exchange Commission’s enforcement division is probing the actions of William Duhnke, who was dismissed from the role of chair of the Public Company Accounting Oversight Board (PCAOB) two weeks ago, the report said https:// Duhnke had held the role since January 2018.

“As a matter of policy, the SEC conducts investigations on a confidential basis and does not acknowledge the existence or non-existence of any investigation unless or until charges are filed,” a spokesperson for the SEC said, declining to comment further.

Duhnke’s ouster was viewed as a warning shot by the new SEC chair Gary Gensler, who took the helm at the markets regulator in April.

The examinations arm of the markets regulator is also probing how the PCAOB has been run, including its handling of whistleblowers and other employees, the Journal said.