Kara M. Stein Sworn in as a PCAOB Board Member

Washington, Nov. 18, 2021

The Public Company Accounting Oversight Board (PCAOB) announced that Kara M. Stein was sworn in today as a Board member. The U.S. Securities and Exchange Commission (SEC) conducted the swearing-in ceremony virtually.

“I would like to congratulate Ms. Stein on her swearing-in earlier today and welcome her to the PCAOB,” said Acting Chairperson Duane M. DesParte. “I look forward to serving with her as we work to uphold the PCAOB’s mission to advance audit quality and protect investors.”

Appointed by the SEC on November 8, 2021, Board Member Stein’s initial term will run through October 24, 2026.

“As the business landscape rapidly evolves, the PCAOB’s role in protecting investors and furthering trust in our capital markets is more critical than ever,” said Board Member Stein. “I look forward to working with the dedicated and hardworking team at the PCAOB to further our mission.”

Prior to joining the Board, Board Member Stein served as a Distinguished Policy Fellow and Lecturer-in-Law at the University of Pennsylvania Carey Law School and was Director of the AI, Data, and Capital Markets Initiative at the Center on Innovation, University of California Hastings Law.

From 2013 to 2019, Board Member Stein was a Commissioner of the SEC. There, she was a forceful advocate for addressing the impact of digital transformation on both companies and the agency itself, identifying ways to enhance our securities market structure to promote efficiency and resiliency, updating SEC rules to put investors first, holding both companies and individuals to account for violations of the federal securities laws, and advancing initiatives to further increase competition and facilitate capital formation in our markets.

Earlier in her career, Board Member Stein was Senior Policy Advisor for securities and banking matters for U.S. Senator Jack Reed and Majority Staff Director of the Securities, Insurance, and Investment Subcommittee of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. She holds a J.D. from Yale Law School and a B.A. from Yale College. 

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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, including compliance reports filed pursuant to federal securities laws.

Contact

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