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SEC appoints all new board to lead PCAOB in 2018

Tammy Whitehouse | December 12, 2017

The Securities and Exchange Commission is cleaning house at the Public Company Accounting Oversight Board, appointing five new board members to take over the reins beginning in January.

The SEC has appointed U.S. Senate staffer William D. Duhnke III as chairman of the PCAOB. Currently, Duhnke is staff director and general counsel to the U.S. Senate Committee on Rules and Administration. He previously served in the same role for Senate committees on banking and appropriations, and he served in the U.S. Navy.

James Kaiser, currently a PwC partner, and Duane M. DesParte, a career auditor employed for the last 14 years on the corporate side with Exelon, will join Duhnke as members of the newly seated PCAOB. Kaiser, who has been with PwC for 38 years, is the firm’s global assurance methodology and transformation leader, where he has led the firm’s effort to drive innovation in auditing. DesParte will soon retire... To get the full story, subscribe now.