The PCAOB Could Look Very Different, Very Soon

PCAOB_MEMBERS

Get a good look, people.

Anyone interested in becoming a PCAOB member? It sounds like there’s a bunch of change coming, based on the public statement from new SEC Chairman Jay Clayton:

I am very pleased that Chairman [James] Doty has agreed to continue to serve as the Chairman of the PCAOB as we commence the process for appointing his successor and new Board members. I believe this will ensure the continued execution of the PCAOB’s mission as the PCAOB transitions to new leadership.

The statement also points out that “of the five PCAOB Board seats, one is vacant, two are held by members whose terms have expired, and one is held by a member whose term will expire in two months.”

To recap: Jay Hanson’s seat needs to be filled, Chairman Doty will be replaced, and the possibility remains that two other seats could have new members.

If you consider yourself worthy of one of these seats, you can drop the SEC a cover letter and résumé by September 1.

[SEC]

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