The PCAOB announced today that Thomas Ray, PCAOB chief auditor and director of professional standards, will leave the PCAOB March 6 to return to the private sector. Deputy Director Jennifer Rand will serve as acting chief auditor until a permanent appointment is made.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...