The Public Company Accounting Oversight Board announced that it has named Megan Zietsman chief auditor and director of professional standards. She is expected to assume her new role in early 2019.
Zietsman will lead the PCAOB's efforts to set and interpret standards for the audits of domestic and foreign public companies whose securities trade in the U.S., as well as the audits of broker-dealers that are registered with the U.S. Securities and Exchange Commission, in order to further investor protection. As chief auditor, she will represent the Board in meetings with the SEC, the Financial Accounting Standards Board, the International Auditing and Assurance Standards Board, and the International Ethics Standards Board for Accountants, among other regulatory and standard-setting organizations. She will have a key role in communicating with investors, auditors, preparers, and audit committees with respect to the matters on the PCAOB's research and standard-setting agendas and the implementation of current standards.
Zietsman has 30 years of experience in the auditing profession. She is currently a partner at Deloitte, where she is responsible for audit standard-setting, the implementation of new and revised standards and rules, and all talent-related processes and initiatives.
Zietsman has served on the International Auditing and Assurance Standards Board since 2014, currently as the deputy chair. She also served on the American Institute of Certified Public Accountants' Auditing Standards Board from 2007-11. On these two boards, Zietsman served as a chair or member of many task forces and working groups focused on key initiatives in the auditing profession.
Barbara Vanich, the PCAOB's deputy chief auditor, has held the role of acting chief auditor during the past six months and will continue to do so until Zietsman's arrival.