SEC Names Marc A. Panucci as Deputy Chief Accountant

The Securities and Exchange Commission today announced the appointment of Marc A. Panucci as a Deputy Chief Accountant in the Office of the Chief Accountant.

As Deputy Chief Accountant, Mr. Panucci will lead the activities of the office’s professional practice group, which includes understanding investor and audit committee perspectives and consulting with registrants and auditors on the application of internal control over financial reporting obligations, independence requirements and auditing standards. Mr. Panucci will also assist the Commission in its oversight responsibility for the activities of the Public Company Accounting Oversight Board (PCAOB). Mr. Panucci, who previously worked at the SEC from 2007 to 2010, is expected to begin his new position later this month and will replace Brian T. Croteau.

“I am very appreciative and excited that Marc has agreed to return to the Office of the Chief Accountant to oversee the professional practice group,” said SEC Interim Chief Accountant Wesley R. Bricker. “Marc’s prior experience as an SEC senior associate chief accountant as well as his expertise and wealth of experience in public accounting will provide critical service to investors, companies and the Commission.”

“I am honored for this opportunity,” said Mr. Panucci. “As someone who has previously served in the professional practice group, I have seen the talent and dedication of the group’s staff in addressing internal control over financial reporting, independence, and audit issues related to investor protection, and I look forward to continuing to build on the group’s many successes.”

Mr. Panucci has more than 22 years of public accounting, standard-setting, and regulatory experience. He will join the SEC from PricewaterhouseCoopers LLP, where he is a partner in PwC’s national professional services group. Mr. Panucci is a member of the American Institute of Certified Public Accountant’s Auditing Standards Board, which develops, updates, and communicates auditing, attestation, and quality control standards for audit and attestation services to non issuers.

Mr. Panucci received his undergraduate degree in accounting from Robert Morris College.  He is a Certified Public Accountant in Pennsylvania and New Jersey.