PCAOB Announces Members of New Advisory Groups, Sets Dates for First Meetings
The Public Company Accounting Oversight Board (PCAOB) today announced the members of its two new advisory groups—the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG). The selection of the members followed a nomination process launched in January 2022.
“We are very grateful to the individuals who have stepped forward to serve on our advisory groups,” said PCAOB Chair Erica Y. Williams. “The extraordinary expertise, experience, and perspective of the members of both these advisory groups will aid us immensely as we pursue our mission to protect investors and further the public interest.”
The advisory group members’ service begins immediately. Information about the operation of these groups can be found in respective charters for the IAG(PDF) and SEIAG(PDF), which the Board approved in March 2022.
Board Member Kara M. Stein has been appointed by the Board to serve as the Board-appointed Acting IAG Co-Chair. The Board is actively recruiting for its Investor Advocate position. It is the Board’s intention that the Investor Advocate, once hired, would serve as the IAG’s Board-appointed Co-Chair. In accordance with the SEIAG charter, Barbara Vanich, Acting Chief Auditor, will serve as the SEIAG Chair.
“I’d also like to thank Board Member Stein for graciously agreeing to assist as Acting IAG Co-Chair,” added Chair Williams. “Kara’s experience as an SEC Commissioner, where she advocated for strong investor protections and rules that put investors first, will serve the IAG well until we fill the Investor Advocate position.”
The PCAOB also announced the inaugural meetings of both the IAG and SEIAG. The first public meeting of the IAG is scheduled for Wednesday, June 8. The first public meeting of the SEIAG is scheduled for Wednesday, June 15.
Investor Advisory Group Members
The IAG has been established by the PCAOB to advise on matters concerning the PCAOB’s mission to oversee the audit of companies that are subject to the securities laws, and related matters, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports, including investors’ perspectives on key areas of concern and potential emerging issues related to the PCAOB’s oversight activities.
The Board selected the following members for the IAG:
Terms Expiring December 31, 2023
| James Andrus | Mary M. Bersot, CFA | Jack T. Ciesielski, CFA, CPA |
| Jennifer R. Joe, Ph.D., CPA | Christine O’Brien, CPA | Sanford Rich |
| Gina Sanchez | R. Harold (Hal) Schroeder, CPA | Lynn Turner |
Terms Expiring December 31, 2024
| Alicia Damley, CFA, CPA (Canada), CA | Parveen P. Gupta, LL.B., Ph.D. | Jeffrey P. Mahoney, J.D., CPA |
| Amy Copeland McGarrity, CFA | Sandra J. Peters, CPA, CFA | David Pitt-Watson |
| Nemit Shroff, Ph.D. | Ashwinpaul (Tony) C. Sondhi, Ph.D. | Gary G. Walsh, CFA, CPA |
IAG member bios are available on the PCAOB’s website.
Standards and Emerging Issues Advisory Group Members
The SEIAG has been established by the PCAOB to advise on existing standards, proposed standards, potential new standards, and on matters other than standards, such as emerging issues, that are of significance to the PCAOB in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.
The Board selected the following members for the SEIAG:
Terms Expiring December 31, 2023
| Christine Davine | Susan O. DuRoss | David Fabricant, CPA |
| James (Jim) Hunt, CPA | Jennifer R. Joe, Ph.D., CPA | Josh Jones, CPA |
| Melanie Senter Lubin | Steven Morrison, CPA | Dane Mott, CFA, CPA |
| Diane Rubin, CPA | Kecia Williams Smith, Ph.D., CPA | Lynn Turner |
Terms Expiring December 31, 2024
| John Bendl, CPA | Preeti Choudhary, Ph.D. | Brian T. Croteau, CPA |
| Ron Edmonds, CPA | Margaret Foran | Robert Hirth, Jr. |
| W. Robert Knechel, Ph.D. | Sara Lord, CPA | Jon Lukomnik |
| Jeffrey P. Mahoney, J.D., CPA | Sandra J. Peters, CPA, CFA | John White |
