PCAOB faces uncertain future as SEC Chair solicits new candidates

SEC Paul Atkins

Securities and Exchange Commission (SEC) Chair Paul Atkins is soliciting candidates for all five seats on the Public Company Accounting Oversight Board (PCAOB), he announced Wednesday.

The move follows Atkins’ firing of PCAOB chair Erica Williams on Tuesday. Board member George Botic was named as the temporary chair by the SEC until another chair is appointed. The three remaining members of the board are Christina Ho, Kara Stein, and Anthony Thompson.

The nonprofit PCAOB, created by Congress in 2002, has been in the crosshairs of House Republicans, who aim to dismantle the board. The PCAOB oversees audits of public companies and the auditors themselves, including the biggest auditing firms.

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