The Securities and Exchange Commission (SEC) on June 4 announced the firing of William Duhnke, the chairman of the Public Company Accounting Oversight Board (PCAOB).
The removal of Duhnke, an appointee of former President Donald Trump, follows demands from Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) for SEC Chairman Gary Gensler to sack the entire oversight board. Warren and Sanders alleged in a letter (pdf) on May 25 that the board’s oversight ability has been “compromised” by the prior administration.
