SEC Installs PCAOB With Former Auditors

On January 30, 2025, SEC chair Paul Atkins appointed former EY executive Demetrios Logotheti and two Trump administration advisers to lead the Public Company Accounting Oversight Board (PCAOB). Atkins also cut the PCAOB budget by more than 9 percent and reduced board fees after prior chair Erica Williams increased fines and tightened Big Four oversight. Experts warn the moves could weaken enforcement and complicate audits as firms adopt GenAI.