The U.S. Securities and Exchange Commission has appointed four new members, including a new Chairman, to the Public Company Accounting Oversight Board, with George Botic continuing to serve as a Board Member. The SEC signalled an expectation that the incoming board will refocus on the PCAOB’s core statutory mission of protecting investors and furthering the public interest through informative, accurate and independent audit reports. The new appointees are Demetrios (Jim) Logothetis, Mark Calabria, Kyle Hauptman and Steve Laughton. The statement linked the appointments to the July 2025 start of the search process and reiterated an emphasis on efficient auditor oversight that minimizes unnecessary costs for public companies and broker-dealers that fund the PCAOB’s budget, noting that the newly appointed Chairman and board members accepted compensation at levels more aligned with public service. The transition to the new board is expected to occur over the next few weeks, and the SEC indicated it will engage actively with the PCAOB as the board pursues its priorities and objectives in the coming years.
U.S. Securities & Exchange Commission 2026-01-30
U.S. Securities and Exchange Commission appoints four new Public Company Accounting Oversight Board members including a new chairman
The U.S. Securities and Exchange Commission has appointed four new members, including a new Chairman, to the Public Company Accounting Oversight Board, emphasizing a refocus on its core mission of investor protection and audit report accuracy. The SEC highlighted efficient auditor oversight and cost minimization for public companies and broker-dealers, with the transition to the new board expected in the coming weeks.