The Public Firm Accounting Oversight Board has named Barbara Vanich as its chief auditor after she served as performing chief auditor for almost two years.
Vanich was named performing chief auditor in November 2020 after serving as deputy chief auditor, affiliate chief auditor and particular advisor. She has been working for the PCAOB since 2009.
Earlier than then, she was an auditor at KPMG, a director at Navigant and a vp at JPMorgan Chase.
Vanich will proceed to guide the PCAOB’s Workplace of the Chief Auditor, managing the event of PCAOB requirements and making certain the requirements are communicated to auditors and different stakeholders.
“OCA is an distinctive group of gifted professionals, and I’m honored to function their chief,” Vanich stated in a press release Friday. “I’m wanting ahead to what we will accomplish in executing the board’s plan to modernize the PCAOB’s requirements for the good thing about traders and our capital markets.”
Modernizing a slew of older requirements is likely one of the predominant targets the PCAOB has set for itself in its draft strategic plan. Among the requirements date again to earlier than the founding of the PCAOB after passage of the Sarbanes-Oxley Act of 2002 and had been inherited from the American Institute of CPAs.
“Excessive-quality requirements are the muse for high quality audits, and modernizing our requirements is strategically very important for the PCAOB,” stated PCAOB chair Erica Williams in a press release. “As we proceed pursuing probably the most formidable standard-setting agenda in PCAOB historical past, we’ll proceed to rely on Barb’s excellent management, expertise, and dedication to our investor-protection mission.”