Update on the Search and Selection Process for Public Company Accounting Oversight Board’s Next Members

I announced in a prior statement that Chairman James R. Doty agreed to continue to serve as the Chairman of the PCAOB as we commence the process for appointing his successor and new Board members.  I believe this will ensure the continued execution of the PCAOB’s mission as the PCAOB transitions to new leadership.  

The search process is underway.  I am grateful for the response to the public solicitation of potential interest that closed on September 1, 2017.  Consistent with the Commission’s procedures for such appointments, I have begun the next step of the process, which is soliciting nominations and input from my fellow Commissioners.  I also will consult with the Secretary of the Treasury and the Chairman of the Federal Reserve, in accordance with the Sarbanes-Oxley Act of 2002. 

My fellow Commissioners and I will consider candidates for selection after the search process has been completed. 

Further information about my prior statement, criteria for selection of PCAOB members, and related procedures, is available here:

https://www.sec.gov/news/public-statement/clayton-statement-pcaob-2017-08-11 

https://www.sec.gov/about/offices/oca/pcaob-appointments.htm