James Kroeker, 44, will be a vice chairman of the U.S. Financial Accounting Standards Board, the board's parent organization, the Financial Accounting Foundation said in a statement on Wednesday. Kroeker is known for handling difficult policy decisions during the 2008-2009 financial crisis and will face projects that have been slowed by disagreements between board members and resistance from the business community. A former deputy managing partner at accounting giant Deloitte, Kroeker was a central figure at the SEC in weighing whether the United States should move to international accounting standards. As chief accountant from 2009 to 2012, he led the regulator's efforts to study that issue, which has yet to be resolved. [Reuters]
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Two former KPMG auditors who worked on the ill-fated audit of a not-for-profit college agreed to having their wrists slapped by the SEC for their roles in the school’s collapse: The Securities and Exchange Commission today suspended two former KPMG auditors [Christopher Stanley and Jennifer Stewart] from practicing before the SEC in connection with settled […]
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