Please ensure Javascript is enabled for purposes of website accessibility

Jeanette Franzel, CPA, CIA, CMA, CGFM, Is Your New Public Company Accounting Oversight Board Member UPDATE: And Not Everyone Is Impressed!

The overlords at the SEC have spoken and sweet Jesus in a manger, they like letters behind a name. Ms Franzel will replace Dan Goelzer who is a founding member of the Board and served as its perpetually acting chair from August 2009 to January 2011. 

Franzel is dumping the Government Accountability Office, where she has been for 26 years, for the PCAOB. She got her MBA at George Mason and BA at College of St. Teresa. According to her LinkedIn profile she was also briefly at Harvard's Kennedy School of Government. And yes, yes. She has a lot of letters behind her name:

Ms. Franzel currently leads all aspects of GAO’s financial audit oversight of the U.S. federal government. She heads a team of approximately 250 staff that focuses on financial and performance audits, proper use of federal funds, internal control, financial systems, and federal audit and financial management policy. Ms. Franzel is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA), and Certified Government Financial Manager (CGFM).

Any aspiring auditing policy makers should get crackin'.

[via SEC]

UDPATE:
SEC Commissioner Luis Aguilar dissented on Ms Franzel's appointment saying, "[she] has no demonstrable record of investor advocacy," and, "not once in any of the four letters signed by today’s appointee, discussing topics such as the engagement quality review and risk assessment, was there any mention of the interests of investors. In fact, the word 'investor” was not mentioned." So count Luis as a Franzel detractors. 

Fortunately, her boss, Jim Doty. Mr Doty said of Ms Franzel, "Jeanette’s extensive experience in the field of securities regulation and auditing standards will enable her to hit the ground running. I am delighted to have her join the Board."

Don't you just love Washington? Everybody play nice, okay? 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

a tweet from the SEC on a cloudy background

The SEC Charges and Then Trolls Crypto Exchange Binance

Who needs an entire article about the SEC filing 13 charges against crypto exchange Binance and its founder Changpeng Zhao when the SEC is cranking out tweets like this? Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates https://t.co/swcxioZKVP; and their founder, Changpeng Zhao, with a […]

The PCAOB Finally Releases China Inspection Results for KPMG and PwC, It Ain’t Good

For those of you short on time and/or attention span, here’s Public Company Accounting Oversight Board Erica Y. Williams on Bloomberg today discussing the long-awaited inspection resultsĀ for two firms inspected in 2022: KPMG Huazhen LLP in mainland China [PDF] and PricewaterhouseCoopers in Hong Kong [PDF]. PCAOB inspectors found Part I.A deficiencies in 100% (4/4) of […]