Two FEI Members Named to PCAOB SAG

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Two FEI Members Named to PCAOB SAG

11/30/2012
Two members of FEI's Committee on Corporate Reporting (CCR), including CCR Chairman Loretta V. Cangialosi, senior vice president and controller, Pfizer Inc., and CCR member Wally Cooney, vice president - Finance and chief accounting officer, The Washington Post Co., have been named to the Public Company Accounting Oversight Board's (PCAOB's) Standing Advisory Group (SAG).

CCR Vice-Chair Gary R. Kabureck, vice president and chief accounting officer, Xerox Corp., is a continuing member of SAG, and FEI member Denny Beresford, a former chairman of the Financial Accounting Standards Board, also continues to serve as a SAG member.

Notable among the other new appointees is former SEC Chairman Richard Breeden. 

SAG, which consists of members from a variety of the Public Company Accounting Oversight Board's (PCAOB) constituencies -- including auditors, preparers, investors, academics and others -- serves a critical role in advising PCAOB on critical and emerging issues.

In addition, PCAOB seeks input from members of SAG on its standard-setting priorities and proposals.

Read the PCAOB's press release announcing the new (and continuing) members of SAG, and read more background on SAG.

PCAOB 2013 Strategic Plan and Budget Approved; Awaits SEC Action

In other PCAOB news, earlier this week, the PCAOB board approved its 2013 Strategic Plan and Budget.
 
In accordance with the Sarbanes-Oxley Act, these items now are submitted to the U.S. Securities and Exchange Commission (SEC) for approval.

Read more in the PCAOB's press release.