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June 20, 2012

Kroeker to leave SEC

The US Securities and Exchange Commission’s (SEC) chief accountant James Kroeker will leave the regulator in July.

Kroeker joined the SEC in 2007 as deputy chief accountant and has held his current position since 2009.

He is said to be leaving to move to the private sector.

Since joining the regulatory body Kroeker has worked on improving fair value accounting standards, improving off-balance sheet accounting and also worked on the IFRS adoption consideration and the convergence process between US GAAP and IFRS.

“Kroeker has provided superb counsel on a range of accounting and auditing related matters and has always stressed the importance of accounting to our investor protection mission,” SEC chairman Mary Schapiro said.

Prior to joining the SEC Kroeker worked at Deloitte US.

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