Statement on Commencement of Appointment Process for Public Company Accounting Oversight Board Seat

On behalf of the Securities and Exchange Commission (the "SEC"), I am soliciting candidates to serve as a member of the Public Company Accounting Oversight Board (the "PCAOB" or "Board"). The PCAOB was established by the Sarbanes-Oxley Act of 2002 (the "Act") and oversees the audits of the financial statements of public companies, brokers, and dealers through registration, standard-setting, inspection, and disciplinary programs. Under the Act, the SEC selects members and the Chairman of the Board.

The Act requires that Board members be "appointed from among prominent individuals of integrity and reputation who have a demonstrated commitment to the interests of investors and the public, and an understanding of the responsibilities for and nature of the financial disclosures required of issuers under the securities laws and the obligations of accountants with respect to the preparation and issuance of audit reports with respect to such disclosures."

Only individuals who have never been a certified public accountant are eligible to serve in this seat, which is for a term ending on October 24, 2031. I strongly encourage applications from candidates interested in furthering the public interest through the efficient stewardship of PCAOB resources. Board members play an important role in serving the public interest by helping to protect the integrity of public markets in a manner that minimizes unnecessary costs for the public companies, brokers, and dealers who ultimately fund the PCAOB's budget.

The Board member selection process is administered by the SEC's Office of the Chief Accountant. Individuals who meet the statutory criteria and are interested in being considered for a position as Board member should submit (1) a cover letter discussing the statutory qualifications summarized above and described more completely in the Act, and (2) a current résumé or curriculum vitae to [email protected] on or by September 8, 2026.