The Securities and Exchange Commission (SEC) recently named George Botic as Public Company Accounting Oversight Board (PCAOB) acting chairman, effective Tuesday.
“I am honored to work with the SEC and the staff of the PCAOB as acting chair to ensure that we meet the mission established by Congress,” Botic said.
Botic has been a PCAOB board member since October 2023. He previously served as PCAOB Division of Registration and Inspections director, Registration and Inspections Division deputy director, Office of International Affairs director, and special adviser to former Chairperson James R. Doty.
As Registration and Inspections director, Botic oversaw the registration and inspection of all broker-dealer audits and all domestic and foreign accounting firms that audit public companies whose securities trade in the United States.
Botic is a certified public accountant. He replaces Erica Williams, who resigned as PCAOB chairwoman, effective Tuesday.
“I thank Erica Williams for her dedicated service on the Board, and I look forward to working with George Botic as Acting Chair,” SEC Chairman Paul Atkins said.
The PCAOB was established by the Sarbanes-Oxley Act of 2002. The SEC selects the board’s members and chairperson. The board oversees the audits of the financial statements of public companies, brokers, and dealers through registration, standard setting, inspection, and disciplinary programs.