Three new members join US audit regulator

THREE NEW MEMBERS have been appointed to the US audit regulator.

The Securities and Exchange Commission (SEC) appointed James Doty as chairman, plus Jay Hanson and Lewis Ferguson as members of the Public Company Accounting Oversight Board (PCAOB).

The PCAOB is overseen by markets regulator SEC.

“Jim, Jay, and Lew bring a deep and diverse perspective to the board through their substantial experience and commitment to the interests of investors and the public,” said SEC chairman Mary Schapiro.

“These prominent individuals have in-depth knowledge of the financial reporting system and auditing framework, which will serve the PCAOB well as it executes its rigorous agenda.”

Doty is a partner at Baker Potts in Washington. Hanson is a partner and the national director of accounting at McGladrey & Pullen. Ferguson is a partner at Gibson, Dunn & Crutcher.

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