Board Names Director of Office of Financial Analysis and Risk Assessment

The Public Company Accounting Oversight Board has named Richard D. Clark as Director of the Office of Financial Analysis and Risk Assessment. Mr. Clark, 63, comes to the PCAOB from a private forensic accounting practice where he specialized in analyzing complex financial transactions and issues.

“The Board was impressed with Dick’s years of experience analyzing financial information,” said Board Chairman William J. McDonough. “That experience, combined with his ability to manage and organize large amounts of information for the purpose of assessing risk, makes him a unique and valuable addition to the PCAOB team.”

The Office of Financial Analysis and Risk Assessment will collect, assimilate and analyze information from multiple sources. The Office will provide the Board with assessments of risk and related insights to further the Board’s mission to protect investors and restore public confidence in the accounting profession. The Office will work closely with the PCAOB’s registration, inspections and enforcement programs.

“The PCAOB is an unparalleled opportunity to use my experience as a forensic accountant and as an intelligence officer to help fulfill a mission that is vitally important,” Mr. Clark said.

Mr. Clark has 27 years of experience as a forensic accountant. He is a retired captain of Naval Reserve Intelligence, USNR and a former special agent with the Intelligence Division (now known as the Criminal Investigation Division) of the Internal Revenue Service.

Mr. Clark is a certified public accountant and earned his Masters of Business Administration from Averett University in Danville , Va. , and his Bachelors of Science degree in business management from Denver Metropolitan State College. He received numerous citations for his work as a naval intelligence officer.