The Public Company Accounting Oversight Board announced today that Jarett Decker, Deputy Director and Chief Trial Counsel in the Division of Enforcement and Investigations, will leave the PCAOB in May to take a position with the Centre for Financial Reporting Reform of the World Bank in Vienna, Austria.
"Jerry has been a key member of the PCAOB team. His work in overseeing disciplinary litigation has been instrumental in helping build a robust and effective enforcement program," said PCAOB Chairman James Doty.
Since joining the PCAOB in 2006, Mr. Decker has been responsible for establishing and overseeing the PCAOB's litigation program. He is the first person to serve in the role of Deputy Director and Chief Trial Counsel at the Board.
"Jerry has provided critical leadership and advice as we established and developed the enforcement program, and he is an exceptional colleague," said Claudius Modesti, Director of the Division of Enforcement and Investigations. "I and the rest of the enforcement team will miss his insight, creativity, and compelling advocacy for investor protection."
The PCAOB uses its investigative and disciplinary authority to address serious audit deficiencies that pose significant risks to investors and to hold accountable auditors who run afoul of their professional obligations. To date, the PCAOB has imposed sanctions on 58 registered accounting firms and 74 persons associated with registered firms.
Mr. Decker said that he feels privileged to have had a chance to work with the talented and dedicated staff of the PCAOB. "This has been an exciting place to work as we built a top-notch team of lawyers, accountants, and other professionals in the enforcement program. I'm grateful for all I've learned from my colleagues, which I now hope to put to use helping to reform financial reporting in emerging and transitional markets," said Mr. Decker.