Board Announces Leaders of Chicago, Denver Offices

Washington, DC, Feb. 16, 2005

The Public Company Accounting Oversight Board today announced the leaders of its Chicago and Denver regional offices.

The Chicago office is led by Deputy Director of Inspections, Greg Wilson. Mr. Wilson retired in December 2003 as an audit partner from Ernst & Young. He began his auditing career in 1969, specializing in the audits of publicly held retail, consumer and industrial products clients. He also served in various management and administrative positions including Director of the Chicago office audit practice and Regional Director of Human Resources. Mr. Wilson, a CPA, graduated from the University of Illinois with a Bachelor of Science degree in Accountancy.

"This is a once-in-a-lifetime opportunity to help build and be a part of an organization with the critical mission of restoring confidence in the auditing profession and the financial reporting process,” said Mr. Wilson.

The Denver office is led by Regional Associate Director of Inspections, Michael Pauk. Mr. Pauk recently owned his own consulting practice and was previously a partner at Ernst & Young in the Denver practice office and the Cleveland national office. He was the coordinating and audit partner on a wide range of clients primarily in the real estate, construction, hospitality, technology, communications, service, manufacturing and retail industries. He is a CPA and graduated with a Bachelor of Business Administration degree with an emphasis in accounting from Texas A&M University.

“I am excited about the opportunity to open the Denver office and work for a world-class organization with high-quality people,” said Mr. Pauk.

The Board’s regional offices primarily support the PCAOB’s inspections program, which is headquartered in Washington, DC The Board’s standards-setting, registration and enforcement groups are also based in Washington. In addition to the offices in Denver and Chicago, PCAOB inspectors are based in offices in New York, Atlanta, Dallas, San Francisco, and Orange County, California.

Members of the PCAOB’s Division of Registration and Inspections conduct annual inspections of firms with more than 100 public company audit clients, as well as a selection of other registered accounting firms.

The Board is aggressively recruiting auditors to work in its inspections program. The Board is seeking auditors from all size firms with a minimum of six years of recent experience auditing publicly held companies. More information is available on the Board’s Web site, www.pcaobus.org.

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