June 18, 2018

We Might Have New PCAOB Member Nominees Soon, Someday, Maybe

pcaob-nominees-sec-jay-clayton

Just keeping it warm.

Dave Michaels reports at The Wall Street Journal that SEC Chairman Jay Clayton’s preferred choice to lead the PCAOB is rumored to be the same person everyone thought it would be:

SEC Chairman Jay Clayton wants William Duhnke to become the PCAOB’s next chairman, according to one of the people familiar with the matter. Mr. Duhnke is director of the Senate Rules Committee and a longtime aide to Sen. Richard Shelby (R., Ala.), who was formerly chairman of the Senate Banking Committee.

Duhnke’s name has been floating around the PCAOB chairmanship for years, especially since current chair James Doty has been such a thorn in the side of the Big 4.

The chair is only one of several board positions that are open or occupied by members whose terms have expired. Michaels reports that Chairman Clayton “is preparing to advance a slate of nominees,” although SEC itself is not a full strength; two commissioner nominees are still hung up in confirmation.

[WSJ]

Related articles

Comp Watch ’12: Sizing Up the Big 4

It's the last day of April, which means that hopefully you've tied up all the loose ends that were left over from Busy Season 2012 (aka the best one yet). The month of May brings flowers, drunken afternoons at the baseball diamond in your fair city, and speculation about your compensation adjustments. Of course, some […]

KPMG Europe Makes an Announcement that Won’t Upset Anyone

8ball.jpgIn a demonstration of spreading the wealth or possibly just a strategic international ploy, KPMG Europe is adding seven new nations to its firm.
Regardless of the motivation, it clearly demonstrates that the most positive news that the Scrooge American firm is capable of announcing is that it is ruining everyone’s holiday season prior to the start of football season so you have plenty of time to get over it.
KPMG Europe will add Turkey, Russia, Ukraine, Kyrgyzstan, Kazakhstan, Armenia and Georgia to its stable of bean counters. They join the UK, Germany, Switzerland, Spain, Belgium and the Netherlands and will increase the Europe revenues to over £4bn which probably could pay for a few parties (but not full bar) in the States.
KPMG Europe spreads wings to take in seven nations [Accountancy Age]