The U.S. Securities and Exchange Commission has launched the appointment process to fill all five positions on the Public Company Accounting Oversight Board, including the Chairperson. The PCAOB, established under the Sarbanes-Oxley Act of 2002, oversees audits of public companies, brokers, and dealers through its registration, standard-setting, inspection, and disciplinary programs, with Board members and the Chair selected by the SEC. The five seats correspond to terms expiring on October 24, 2026, 2027, 2028, 2029, and 2030, and any selected nominee would serve the remainder of the term associated with the seat. The Chairperson role may be filled by a CPA or a non-CPA, although a CPA may serve as Chairperson only if they have not been a practicing CPA for the five years preceding a potential appointment. The SEC also highlighted its budget oversight of the PCAOB and indicated it expects evaluation of Board member compensation to be among the items considered in connection with the SEC’s review of the PCAOB’s 2026 budget. The selection process is administered by the SEC’s Office of the Chief Accountant, and interested individuals are asked to submit a cover letter and current résumé or curriculum vitae by August 25, 2025.
U.S. Securities & Exchange Commission 2025-07-23
U.S. Securities and Exchange Commission solicits candidates for all five PCAOB board seats including the chair
The U.S. Securities and Exchange Commission (SEC) has begun appointing all five positions on the Public Company Accounting Oversight Board (PCAOB), including the Chairperson. The SEC oversees the PCAOB, which regulates audits of public companies, brokers, and dealers. The SEC's Office of the Chief Accountant manages the selection process, focusing on evaluating Board member compensation as part of the PCAOB's 2026 budget review.