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U.S. SEC names defense attorney Erica Williams as chair of public accounting watchdog -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The U.S. Securities and Exchange Commission’s seal can be seen at its headquarters in Washington D.C. U.S.A, U.S.A, May 12, 2021. REUTERS/Andrew Kelly/File photo

WASHINGTON (Reuters] – On Monday, the U.S. Securities and Exchange Commission appointed Erica Williams, a defense lawyer to be chair of the country’s watchdog on public accounting.

Williams has been appointed head of Public Company Accounting Oversight Board by the SEC. Williams had managed the legal and operations functions of the agency. It added that she also managed “significant personnel and labor matters.”

Duane desparte, the acting chair of the agency said that he will still be a board member.

In June, the SEC voted to remove https://www.reuters.com/article/us-nr3cpacf-nr3cpac-us-usa-sec-pcaob-idTRNIKCN2DH01H the head of the oversight board that sets standards for audits of public companies and said it planned to replace the rest of the board in due course.

At the time, it stated that it was seeking additional members to replace the chair.

Monday’s appointment by the SEC to oversee the oversight of the accounting watchdog saw Kara Stein, a former Democratic commissioner for the SEC, and two additional members be elected.

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