Senior Staff
Board Staff
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Divisions
Enforcement and Investigations
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Registration and Inspections
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Offices
Chief Auditor
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Chief Hearing Officer
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Chief Operating Officer
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Communications and Engagement
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Economic and Risk Analysis
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Enterprise Risk Management
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
General Counsel
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Internal Oversight and Performance Assurance
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
International Affairs
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Investor Advocate
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.
Secretary
Martin C. Schmalz
Chief Economist and Director
Office of Economic and Risk Analysis
Dr. Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.
Dr. Schmalz joined the PCAOB on public service leave from the University of Oxford, Saïd Business School, where he is a tenured Professor of Finance and Economics and the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group. Additionally, he is a Research Affiliate with the Centre for Economic Policy Research in London and CESIfo in Munich, as well as a Research Member with the European Corporate Governance Institute in Brussels.
Dr. Schmalz previously served as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. He was also a Faculty Affiliate of the Center on Finance, Law and Policy at the University of Michigan.
Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.