Legislative Testimony
Testimony of Damon A. Silvers, AFL-CIO Policy Director and Special Counsel, Before the Subcommittee on Capital Markets and Government Sponsored Enterprises Hearing on Legislative Proposals to Relieve the Red Tape Burden on Investors and Job Creators
… AFL-CIO. In addition, I serve on the Office of Financial Research’s Financial Research Advisory Committee, a body devoted to assessing systemic risk in the financial system; the Securities and Exchange Commission’s Investor Advisory Committee; the … in the audit of large capitalization public companies. In this respect, I would call the Subcommittee’s attention to the work of the Bush Administration’s Treasury Department’s Committee on the Future of the Auditing Profession. [20] But ultimately, whether audit firm rotation is or is not the right solution, the decision should be left with the PCAOB, the independent public company auditor regulator created by …