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PCAOB names chief auditor

The Public Company Accounting Oversight Board (PCAOB) has named Megan Zietsman as its next chief auditor and director of professional standards.

She is expected to assume her role in early 2019.

In this role, Zietsman will lead the PCAOB's efforts to set and interpret standards for the audits of domestic and foreign public companies whose securities trade in the US, as well as the audits of broker-dealers that are registered with the US Securities and Exchange Commission, in order to further investor protection.

Zietsman is a partner at Deloitte in the US, and has worked with the Big Four network since joining its South African firm in 1989, before moving to New York to join Deloitte’s International Operations group in 1994 and later the Transaction Services group in 1998.  

In her current role at Deloitte she is responsible for audit standard-setting, the implementation of new and revised standards and rules, and all talent-related processes and initiatives.

She has also has served on the International Auditing and Assurance Standards Board since 2014, currently as the deputy chair, and previously served on the American Institute of Certified Public Accountants’ Auditing Standards Board between 2007 and 2011.

Zeitsman will replace Barbara Vanich, the PCAOB’s deputy chief auditor, who has been acting as chief auditor for the past six months.

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