The US Public Company Accounting Oversight
Board (PCAOB) director of registration and inspection George
Diacont will retire next month.
Diacont has been with the PCAOB since the
board’s creation in 2003.
The PCAOB said that under Diacont’s
leadership, the board has identified numerous accounting and
auditing problems and encouraged firms to make appropriate
improvements to protect investors’ interests in reliable
“I am extremely fortunate to have had the
opportunity to participate in the creation of a division tasked
with the public interest responsibility to inspect public
accounting firms,” Diacont said.
PCAOB chairman James Doty said Diacont will
leave behind a “great legacy”.
Diacont’s successor is yet to be named.