PracticeAuditVolcker fuels US accounting chief scrap

Volcker fuels US accounting chief scrap

Paul Volcker, trustees chairman at the International Accounting Standards Committee, has added to the chaos surrounding the appointment of a figure to lead the new US accounting watchdog.

Link: Controversy dogs new US accounting watchdog

The former chairman of the US Federal Reserve Bank is said to be supporting the appointment of John Biggs, the pension fund executive, to lead the new US public accounting oversight body, according to the FT.

But Harvey Pitt’s leadership of the US Securities & Exchange Commission has been thrown into disarray after some Republicans and the White House expressed reservations about the appointment of Biggs due to the feeling that he has a too hard-line approach.

Before this emerged, Pitt was poised to appoint Biggs to the post, but he has since been forced into stating that Biggs had not yet been offered the job.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

3d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor