The US Securities and Exchange Commission
(SEC) has appointed James Doty as chairman of the Public Company
Accounting Oversight Board (PCAOB).
Jay Hanson and Lewis Ferguson have also been
appointed members of the PCAOB as founding members Bill Gradison
and Charley Niemeier retire.
Doty is currently a partner at Baker Botts
where he represents clients on a wide range of securities law
matters and counsels boards of directors and audit committees on
problems arising under the Sarbanes-Oxley Act and related issues.
He also served as the SEC’s general counsel from 1990 to 1992.
Hanson is a partner and the national director
of accounting at McGladrey & Pullen responsible for leading the
firm’s accounting standards group.
He is a member of the Emerging Issues Task
Force of the Financial Accounting Standards Board and chair of the
Financial Reporting Executive Committee of the American Institute
of Certified Public Accountants.
Ferguson is a partner at Gibson, Dunn &
Crutcher specialising in securities transactions and disclosure,
representation of audit committees and auditors, and corporate
Prior to joining the firm, he served for more
than three years as the first general counsel of the PCAOB.