It’s nearly September and Mary Schapiro has finally gotten around to naming a Chief Accountant. It’s been a busy 7-8 months, and with Ponzi schemes popping up out of nowhere and Steve Job’s liver, sometimes getting appointments made can’t be squeezed in.
James Kroeker, a former partner and Deloitte gets the honor of whatever it is the OCA actually does. Oh wait:
More, after the jump
Kroeker, who has held the job on an interim basis since January, would be responsible for interpreting rules requiring companies to disclose their financial health to shareholders. If named, he would referee disputes between banks and investors over writedowns for assets that lost value during the recession.
That’s it? This will be a breeze. Get crackin’ Jimmy. You’re got eight official months to get caught up on.
SEC’s Schapiro Said to Name Kroeker as Agency’s Top Accountant [Bloomberg]