The Board

The five members of the PCAOB Board, including the Chairman, are appointed to staggered five-year terms by the Securities and Exchange Commission, after consultation with the Chair of the Board of Governors of the Federal Reserve System and the Secretary of the Treasury.

Photo of Duane M. DesParte

Duane M. DesParte

Board Member

Duane M. DesParte has served as a Board Member of the PCAOB since April 2018. His current term expires on October 24, 2023.

He joined the board after retiring from Exelon Corporation, where he served as corporate controller and in other financial roles for 15 years, following an 18 year career in the audit assurance business.

To advance the Board’s goal of driving improvement in audit quality, Board Member DesParte is engaged in strategic initiatives related to the PCAOB’s inspection program, firms’ systems of quality control, and emerging technologies.  He is also focused on enhancing the Board’s external engagement with stakeholders, particularly with audit committees and preparers. Board Member DesParte is involved with the Board’s international activities, including through serving as Chair of the International Forum of Independent Audit Regulators (IFIAR).

Board Member DesParte, a certified public accountant, was Exelon's corporate controller for 10 years, with chief accounting officer responsibilities for the integrity of the company's accounting and external financial reporting and related policies, methods, systems, processes and controls. Earlier, he also led controller and finance functions at various Exelon business units. 

Before joining Exelon, he was a partner at Deloitte for nine months, after a long career at Arthur Andersen. He worked at Andersen from 1985 - 2002, rising to partner.

Board Member DesParte graduated with highest honors from the University of Illinois at Urbana-Champaign with a B.S. in accountancy. He previously served on the board and executive committee of the Civic Federation of Chicago; on the board, including as chair, for the Center on Halsted; and is currently on the governing board of the Chicago Symphony Orchestra.

Recent Speeches and Statements by Board Member DesParte

All speeches and statements by Board Member DesParte