Mark Kronforst, chief accountant of the Securities and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC early next month.

He has been chief accountant since October 2013, but has worked at the Corp Fin division for more than 13 years. He leads the division’s Office of Chief Accountant, which gives technical accounting and reporting support to the disclosure review program. He oversees administration of the SEC’s reporting rules for public companies’ disclosure of financial information to investors and is involved with the effort to make disclosures more effective for investors.

“It has been a privilege to work in the division for nearly 14 years alongside so many talented staff members and I am very proud of what we have accomplished together,” Kronforst said in a statement. “I am confident that the office will continue providing high-quality expertise and support to the Division and will excel in their efforts to enhance capital formation and protect investors.”

Before joining the SEC in 2004, he was director of financial reporting for the electronics manufacturer Solectron and an audit senior manager at KPMG. He is a CPA.

Kyle Moffatt, associate director in disclosure operations, will become acting chief accountant of the Corp Fin division after Kronforst leaves. Moffatt joined the Division of Corporation Finance in 2000 as a Professional Accounting Fellow. Before that, he was an audit manager with Ernst & Young. He too is a CPA.

SEC building with official seal
Image: Bloomberg

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Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.