Pitt, who stepped down in November last year after a scandal involving the new audit watchdog, has formed Kalorama Partners which will specialise in corporate-governance and crisis-management issues.
It will provide regulatory advice to corporate board members and audit committees of companies based in the US and abroad, as a result of new obligations under the Sarbanes-Oxley Act, which Pitt was instrumental in bringing into being.
According to the Washington Post Kalorama is looking to recruit a team of accountants and former government officials.
Pitt was forced to step down from the SEC after it was discovered that William Webster, his choice to head up the Public Company Accounting Oversight Board, had headed up the audit committee of US Technologies, a company under investigation by the SEC.
Webster resigned soon after Pitt stepped down.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.