SEC Appoints Acting Chair of PCAOB

Submitted by Colleen Lutolf on Mon, 07/27/2009 - 13:31

The Securities and Exchange Commission (SEC) appointed Daniel L. Goelzer, a current Public Company Accounting Oversight Board (PCAOB) and founding member, as the board's acting chairman.

Goelzer, appointed to the PCAOB in 2002 and reappointed in 2007 for a five-year term under former SEC Chair Christopher Cox, will lead the board once current chairman, Mark W. Olsen, resigns July 31, according to a PCAOB press release.

Prior to his service on the board, Goelzer, a CPA, served as general counsel at the SEC for seven years. He has also served as the SEC's executive assistant to the SEC chairman and as special counsel in the commission's Office of the General Counsel. Early in his career Goelzer worked as an auditor in Deloitte & Touche's Milwaukee, Wis. office. From 1990 until he joined the PCAOB in 2002, Goelzer was a partner in the Washington D.C. law firm Baker & McKenzie, according to the PCAOB.

The SEC appoints members to the PCAOB after consulting with the Federal Reserve chairman and the Treasury secretary.

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