• Register
Return to: Home > News > SEC appoints acting chief accountant

SEC appoints acting chief accountant

The US’ Securities and Exchange Commission (SEC) has appointed Sagar Teotia as its acting chief accountant following the departure of Wesley Bricker in June.

Teotia has served as the deputy chief accountant since 2017. In his position of acting chief accountant he will serve as the SEC’s principle adviser on accounting and auditing matters and will also be responsible for assisting the SEC in its oversight of the Financial Accounting Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB).

Before joining the SEC, Teotia worked as a partner in Deloitte US’ national office.

Teotia said: "I am looking forward to continuing to address the quality of financial reporting through engagement in both domestic and international activities and across the various groups involved in the preparation, audit, and use of financial information."

Bricker steps down after serving as the SEC’s chief accountant for the past three years.

During his time as chief accountant, Bricker worked to strengthen the PCAOB in its mission and operations, worked with FASB in overseeing the identification and resolution of implementation issues related to new accounting standards, and developed recommendations regarding auditor independence and a framework for reporting and disclosing the income tax accounting implications of the U.S. Tax Cuts and Jobs Act

SEC chairman Jay Clayton said: “Wes is both the consummate professional and model public servant. From the first day I met Wes, I was impressed by the depth of his knowledge and his commitment to high quality standards for the benefit of our markets and our investors. Wes has moved the Commission forward in many ways, and I cannot thank him enough for his service."

Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.