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.