According to reports, the SEC has taken advice from a damning Congressional report on the fiasco, and is busy drafting a procedure to be presented to commissioners for approval in the next few days.
All though no details of what will be included in the recruitment process are known, it is expected to clearly define the roles of commissioners and staff in vetting candidates.
The move to shore up its recruitment process for choosing a chairman of the Public Company Accounting and Oversight Board follows the appointment and subsequent resignation of William Webster, the former FBI chief.
He resigned soon after then-SEC chairman Harvey Pitt, after it was discovered that Webster once headed the audit committee of a company under investigated by the securities watchdog.
Finding someone to lead the PCAOB is the top priority for new SEC chairman William Donaldson.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day