PCAOB Names Deputy Chief Auditor

The Public Company Accounting Oversight Board named insider C. Gregory Scates as deputy chief auditor. In that role, Scates, 53, will provide technical direction in the development of the board's standards. He will report to Tom Ray, the PCAOB's chief auditor and director of professional standards. Scates, who came aboard the PCAOB in 2003, helped develop Auditing Standards Nos. 1 and 3, which deal with reporting on audits in accordance with the standards of the PCAOB and audit documentation. He also has developed staff guidance on technical auditing matters, and led various current standards-setting projects. Prior to joining the PCAOB, Mr. Scates was associate chief accountant in the division of enforcement at the Securities and Exchange Commission.