The Public Company Accounting Oversight Board (PCAOB) has appointed Barbara Vanich as chief auditor.
Vanich, who has led the Office of the Chief Auditor (OCA) in an acting capacity since November 2020, will continue to direct OCA’s activities, which include managing the development of PCAOB standards and ensuring that PCAOB standards are appropriately communicated to auditors and other stakeholders.
Modernising standards is one of the four key goals the PCAOB identified in its draft strategic plan. To meet that goal, earlier this year, the Board announced one of the most ambitious standard-setting agendas in PCAOB history.
PCAOB chair, Erica Y. Williams, said “High-quality standards are the foundation for quality audits, and modernising our standards is strategically vital for the PCAOB,” further adding that “As we continue pursuing the most ambitious standard-setting agenda in PCAOB history, we will continue to count on Barb’s outstanding leadership, experience, and dedication to our investor-protection mission.”
In addition to acting chief auditor, Vanich has served as deputy chief auditor, associate chief auditor, and special adviser to a member of the Board. Before joining the PCAOB in 2009, she was an auditor at both a large and small firm, worked in accounting policy at a large issuer, and practiced as a consultant.
On her appointment, Vanich commented “OCA is an exceptional team of talented professionals, and I am honoured to serve as their leader. I am looking forward to what we can accomplish in executing the Board’s plan to modernise the PCAOB’s standards for the benefit of investors and our capital markets.”
Vanich earned a Bachelor of Sciences from Point Park University, majoring in accounting. In addition to this, she is a Certified Public Accountant.