The Public Company Accounting Oversight Board (PCAOB) today announced that William Ryan has been named Acting Director of the PCAOB’s Division of Enforcement and Investigations. In this role, he will oversee and direct the PCAOB’s investigations and enforcement of violations of its rules, professional standards, and other applicable securities regulations. Mr. Ryan will assume the role following current PCAOB Enforcement…
The salary of the Public Company Accounting Oversight Board’s chair would fall 52% while other board members would see a 42% drop under the auditing watchdog’s budget plan for next year, following greater scrutiny of pay from the Securities and Exchange Commission. The PCAOB on Friday voted unanimously to approve its 2026 budget, which will now head to the SEC…
The Trump administration continues to defend the US audit board in a constitutional court challenge despite efforts earlier this year by House Republicans to eliminate the regulator. The Department of Justice filed a motion asking a federal judge to rule in favor of the government and the Public Company Accounting Oversight Board regarding a legal challenge testing the Enron-era audit…
The US audit regulator will continue under interim leadership for at least a few more weeks while the SEC finalizes new appointments, an agency official said Monday. The 43-day federal government shutdown earlier this fall delayed efforts to review contenders to fill the five seats on the Public Company Accounting Oversight Board, said Kurt Hohl, chief accountant to the Securities…
Should the PCAOB be folded into the SEC and do you expect lawmakers to revive that push? Audit regulation is incredibly important. We need basically high-quality auditing standards so that we have a robust capital market in the United States. Whether it’s part of the SEC or part of the SEC’s oversight of the PCAOB, it’s critically important to our…
The Public Company Accounting Oversight Board has proposed a 20% cut to the salaries of its board members as it faces scrutiny from the Securities and Exchange Commission over compensation levels. The cut was part of a preliminary 2026 budget the U.S. audit regulator submitted to the SEC in recent weeks, people familiar with the matter said. The plan suggests…
SEC Chair Paul Atkins is following a familiar path in his approach to the US audit board: replace its members and force an agenda reset. The Public Company Accounting Oversight Board, a small Washington regulator created out of the ashes of the Enron and WorldCom scandals, is facing its third overhaul in less than 10 years. That whipsaw in who…
SEC Announces George Botic to Serve as Acting Chair of the Public Company Accounting Oversight Board
The Securities and Exchange Commission announced today that it has designated George R. Botic to serve as Acting Chair of the Public Company Accounting Oversight Board, effective July 23, 2025. Current PCAOB Chair Erica Y. Williams has resigned from the Board, effective July 22, 2025. […] Mr. Botic is a Certified Public Accountant and became a PCAOB Board Member on…
House Republicans have threatened to hold up funding for the US accounting standard setter over expanded income tax disclosures set to hit to corporate financial statements early next year. A spending proposal released Sunday by the House Appropriations Committee would bar the SEC from approving the annual budget for the Financial Accounting Standards Board unless it withdraws requirements that companies…
The Trump administration has another shot to remake auditor oversight for the world’s largest capital market after months of debate over the future of the US audit regulator. The impending departure of Erica Williams, chair of the Public Company Accounting Oversight Board, gives the Securities and Exchange Commission an opening to pick a new leader for the board. An agenda…