Advisory board members sought for PCAOB

Courtesy of PCAOB

The Public Company Accounting Oversight Board is looking for nominations for members of its two main advisory bodies, the Investor Advisory Board and the Standards and Emerging Issues Advisory Board.

Both groups were reconstituted in early 2022 shortly after then-new Chair Erica Williams took the helm; they had been sidelined under the previous PCAOB chair, William Duhnke, who was ousted by Securities and Exchange Commission Chair Gary Gensler.

The board is seeking nominations for group members to serve on the IAG or the SEIAG for a two-year term starting Jan. 1, 2024, and ending Dec. 31, 2025.

There can be as many as 18 members of the IAG, and they are supposed to bring expertise or experience in investing in public companies (e.g., as institutional or retail investors, pension fund managers, academics who focus on investment issues, investor advocates and so on). The SEIAG can have as many as 24 members, and they should have experience in accounting, auditing, corporate finance or governance, investing in public companies and the like.

There are separate forms for nominating another person and for self-nominations. Both are due by Sept. 18, 2023; final selections will be announced by the end of the year.

"For the PCAOB to effectively execute its investor-protection mission, the perspective of advisory groups is critical," Williams said in a statement. "We thank the experts who have served on our advisory groups to date, and we look forward to receiving nominations from those interested in serving in the years ahead."