The Public Company Accounting Oversight Board announced it has selected deputy chief auditor and former KPMG partner Thomas Ray as its chief auditor.
Ray will succeed Douglas R. Carmichael, 64, who announced he will leave be leaving the post at the end of January for personal reasons. The chief auditor serves as the primary advisor to the PCAOB on policy and technical issues related to the auditing of public companies' financial statements.
Ray, 45, has served as deputy chief auditor since June 2003. Before joining the PCAOB, he worked a partner in KPMG's department of professional practice-assurance in New York, providing advice on the application of professional standards and firm policy.
Among his other duties as deputy chief auditor, Ray served as the PCAOB observer to the International Auditing and Assurance Standards Board of the International Federation of Accountants.Prior to joining KPMG in June 2000, Ray served as director of audit and attest standards at the American Institute of CPAs for five years. He also worked for more than a decade as an audit professional with Grant Thornton LLP.
