PCAOB Announces Members of New Advisory Groups, Sets Dates for First Meetings

The Public Company Accounting Oversight Board (PCAOB) today announced the members of its two new advisory groups—the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG). The selection of the members followed a nomination process launched in January 2022.

"We are very grateful to the individuals who have stepped forward to serve on our advisory groups," said PCAOB Chair Erica Y. Williams. “The extraordinary expertise, experience, and perspective of the members of both these advisory groups will aid us immensely as we pursue our mission to protect investors and further the public interest."

The advisory group members' service begins immediately. Information about the operation of these groups can be found in respective charters for the IAG  and SEIAG, which the Board approved in March 2022.

Board Member Kara M. Stein has been appointed by the Board to serve as the Board-appointed Acting IAG Co-Chair. The Board is actively recruiting for its Investor Advocate position. It is the Board's intention that the Investor Advocate, once hired, would serve as the IAG's Board-appointed Co-Chair. In accordance with the SEIAG charter, Barbara Vanich, Acting Chief Auditor, will serve as the SEIAG Chair.

"I'd also like to thank Board Member Stein for graciously agreeing to assist as Acting IAG Co-Chair," added Chair Williams. "Kara's experience as an SEC Commissioner, where she advocated for strong investor protections and rules that put investors first, will serve the IAG well until we fill the Investor Advocate position."

The PCAOB also announced the inaugural meetings of both the IAG and SEIAG. The first public meeting of the IAG is scheduled for Wednesday, June 8. The first public meeting of the SEIAG is scheduled for Wednesday, June 15.

Investor Advisory Group Members

The IAG has been established by the PCAOB to advise on matters concerning the PCAOB's mission to oversee the audit of companies that are subject to the securities laws, and related matters, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports, including investors' perspectives on key areas of concern and potential emerging issues related to the PCAOB's oversight activities.

The Board selected the following members for the IAG:

Terms Expiring December 31, 2023

Terms Expiring December 31, 2024

IAG member bios are available on the PCAOB's website.

Standards and Emerging Issues Advisory Group Members

The SEIAG has been established by the PCAOB to advise on existing standards, proposed standards, potential new standards, and on matters other than standards, such as emerging issues, that are of significance to the PCAOB in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.

The Board selected the following members for the SEIAG:

Terms Expiring December 31, 2023

Terms Expiring December 31, 2024

SEIAG member bios are available on the PCAOB's website. 

Learn more about the IAG and SEIAG at the PCAOB's Advisory Groups page.

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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

PCAOB Office of Communications and Engagement
[email protected]