PCAOB Applauds Appointment of George R. Botic as PCAOB Board Member

Public Company Accounting Oversight Board (PCAOB) Chair Erica Y. Williams applauded the U.S. Securities and Exchange Commission’s (SEC) appointment of George R. Botic as a PCAOB Board Member. The SEC announced Botic’s appointment today. Botic, a CPA who has been with the PCAOB since it was created in 2003 and currently serves as Director of the Division of Registration and Inspections, will replace Board Member Duane M. DesParte, whose second term ends October 24, 2023.

“George’s decades-long commitment to the PCAOB’s mission of protecting investors makes him a uniquely qualified addition to the Board. I applaud George’s appointment and look forward to working with him in his new role as we continue to pursue our shared goal of improving audit quality to protect investors,” said Chair Williams. “I want to thank Duane for his service to the PCAOB. I look forward to continuing our work together over the coming weeks and wish him well in his next chapter.”

“It has been a privilege and an honor to serve on the PCAOB Board, and I am grateful for the opportunity I have had to partner with my fellow Board members, the highly dedicated and expert PCAOB Staff, and our colleagues at the SEC in advancing the PCAOB’s investor protection mission,” said Duane M DesParte. “For twenty years now, the PCAOB has played an important role in driving improvements in audit quality, thereby fostering increased confidence and trust in US capital markets – and George has been a part of that mission from the beginning. George will be a tremendous addition to the Board. I am grateful for the work he has done as Director of the PCAOB’s Division of Registration and Inspections and wish him well in his new role.”

DesParte, a CPA, has served on the Board since April 2018, including as the PCAOB’s Acting Chair from June 2021 to January 2022.  During his tenure, DesParte also served as Chair of the International Forum of Independent Audit Regulators (IFIAR) from October 2020 to April 2023.

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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.

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