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Two FEI Members Named to PCAOB SAG

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Two FEI Members Named to PCAOB SAG

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.