PCAOB Announces Participants in Roundtable on Auditor's Reporting Model

Washington, D.C., Sep. 8, 2011

The Public Company Accounting Oversight Board announced today the names of the participants in the roundtable discussion next week on its concept release on possible changes to the auditor's reporting model.

The PCAOB will host the roundtable on Thursday, Sept. 15, 2011, from 9 a.m. to 5 p.m., at 1201 15th Street N.W., Washington, D.C. The meeting agenda is available below.

The concept release, issued on June 21, 2011, presents several alternatives for changing the auditor's reporting model and seeks comment on these or other alternatives that could provide investors with more transparency into the audit process and more insight into the company's financial statements or information outside the financial statements. The comment period closes on Sept. 30, 2011. The concept release and the comment letters received are available on the PCAOB website.

As announced on Aug. 25, 2011, the objective of the roundtable is to obtain insight from investors and other users and preparers of financial statements, audit committee members, academics and auditors into the alternatives presented in the concept release for changing the auditor's reporting model, as well as any other alternatives not discussed in the concept release. The auditor's report is the primary means by which auditors communicate information about their audits of financial statements to investors and other users of financial statements.

The roundtable will be chaired by the PCAOB Chief Auditor and Director of Professional Standards Martin F. Baumann. The participants include the following individuals:

  • Alan L. Beller, Partner, Cleary Gottlieb Steen & Hamilton LLP, and Director on the board of a public company
  • L. Douglas Bennett, National Director of Accounting & Auditing, BKD, LLP
  • Steven Buller, Managing Director, BlackRock, Inc.
  • Joseph V. Carcello, Ernst & Young and Business Alumni Professor, Department of Accounting and Information Management, and Co-Founder and Director of Research, Corporate Governance Center University of Tennessee
  • Jack Ciesielski, President, R.G. Associates, Inc.
  • William Clark, Senior Vice President and Chief Investment Officer, Federal Reserve Office of Employee Benefits
  • J. Michael Cook, Director on the board of various public companies, non-profits and government entities
  • James D. Cox, Brainerd Currie Professor of Law, School of Law, Duke University
  • Charles Elson, Edgar S. Woolard, Jr., Chair in Corporate Governance and Director of the John L. Weinberg Center for Corporate Governance, University of Delaware
  • Michael J. Gallagher, Managing Partner, Assurance Quality & Transformation, PricewaterhouseCoopers LLP
  • Robert L. Guido, Director on the board of various public companies
  • Paul G. Haaga, Jr., Chairman of the Board, Capital Research and Management Company
  • Mary Hartman Morris, Investment Officer, Global Equity, California Public Employees' Retirement System (CalPERS)
  • Gary R. Kabureck, Vice President and Chief Accounting Officer, Xerox Corporation
  • Wayne A. Kolins, Partner, BDO USA, LLP, and Global Head of Audit and Accounting, BDO International Limited
  • Stephen Kozeracki, Principal, Co-Head of the Corporate Bond Group, The Vanguard Group, Inc.
  • Robert J. Kueppers, Deputy CEO, Deloitte LLP
  • Mark LaMonte, Managing Director, Chief Credit Officer – Financial Institutions Group, Moody's Investors Service
  • Peter H. Nachtwey, Chief Financial Officer, Legg Mason, Inc.
  • Mark Newsome, Managing Director, ING Capital LLC
  • Sam Ranzilla, Audit Partner and National Managing Partner, Audit Quality and Professional Practice, KPMG LLP
  • Kevin B. Reilly, Americas Vice Chair, Professional Practice and Risk Management, Ernst & Young LLP
  • Flerida Rivera-Alsing, Chief Audit Executive, Florida State Board of Administration
  • Lawrence J. Salva, Chief Accounting Officer and Controller, Comcast Corporation
  • Michael Santay, Partner in Charge – Auditing Standards, Grant Thornton LLP
  • Kurt N. Schacht, Managing Director, CFA Institute
  • Chris Spahr, Equity Analyst, Credit Agricole Securities (USA)
  • Matt Torrey, Managing Director of Research, Fidelity Management and Research Company
  • Lynn E. Turner, LitiNomics, Former SEC Chief Accountant
  • Joan Waggoner, Partner in Charge of Quality Assurance, Blackman Kallick LLP
  • Gary Walsh, Principal and Portfolio Manager, Luther King Capital Management
  • Ann Yerger, Executive Director, Council of Institutional Investors

The roundtable will be open to the public, and also audible via Webcast and podcast on the PCAOB website.