The SEC announced today that current PCAOB Chair Erica Y. Williams has been appointed for a second term that begins on October 25, 2024 and ends on that same day in 2029. She’s been in the big chair at the PCAOB (no pun) since January of 2022 after she was brought in after a bit of a coup involving her predecessor William Duhnke. So this will be her first full five-year term. Yay.
Commence the press release circlejerk:
“I thank Erica for her leadership and am pleased that she will continue to serve as Chairperson of the PCAOB,” said SEC Chair Gary Gensler. “I also thank the PCAOB staff and the Board for their diligent work to ensure that public company financial disclosures can be trusted by investors.”
SEC Chief Accountant Paul Munter added, “I look forward to continuing to work with Chairperson Williams to further the PCAOB’s long-overdue plan to modernize standards and improve audit quality to promote investor protection.”
“I am honored to have Chair Gensler and the Commission’s confidence and grateful for the opportunity to continue working alongside my fellow Board Members and the talented and dedicated PCAOB staff to protect investors,” said Chair Williams. “I’m proud of our work together and eager to continue executing our mission on behalf of investors who depend on U.S. capital markets to build their American dream.”
SEC Appoints Erica Y. Williams to a Second Term as PCAOB Chairperson [SEC]
