George R. Botic Sworn in as PCAOB Board Member
The Public Company Accounting Oversight Board (PCAOB) announced that George R. Botic was sworn in today as a Board Member. The U.S. Securities and Exchange Commission (SEC) conducted the swearing-in ceremony virtually.
“George is an outstanding leader whose decades of experience at the PCAOB prove his commitment to investor protection and dedication to our organization,” said PCAOB Chair Erica Y. Williams. “I look forward to working with George and my other fellow Board Members as we continue our work protecting investors.”
The SEC announced the appointment of Board Member Botic on September 27, 2023. His current term will run through October 24, 2028.
“Strong and effective oversight from the PCAOB is more important than ever, given the rapid technological change, emerging risks, persistent areas of audit deficiencies, and other challenges facing today’s auditors,” said Board Member Botic. “I’m honored to have the opportunity to work with my fellow Board Members to raise the bar on audit quality for the benefit of investors in our complex and dynamic capital markets.”
Board Member Botic is a Certified Public Accountant who has been with the PCAOB since 2003. Prior to his swearing in as a Board Member, he was the Director of the PCAOB’s Division of Registration and Inspections (DRI), which includes the Global Network Firm, Non-Affiliate Firm, and Broker-Dealer Firm inspection programs, as well as the registration program. He oversaw the registration and inspection of all domestic and foreign accounting firms that audit public companies whose securities trade in the U.S., as well as all broker-dealer audits.
Before being named DRI Director in 2018, Board Member Botic had served as Director of the PCAOB’s Office of International Affairs and as a Special Advisor to former Chair James R. Doty. From 2003 to 2014, he held several roles within DRI, including as a Deputy Director. Earlier in his career, he was a senior manager with PricewaterhouseCoopers.
Board Member Botic holds a Bachelor of Science in accounting from Shepherd University and received a Master of Accountancy from Virginia Tech.
About the PCAOB
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.
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