The Office of the Chief Accountant (OCA) is responsible for accounting and auditing matters arising in the Commission’s administration of the federal securities laws, particularly with respect to accounting policy determinations, the form and content of financial statements to be filed with the Commission, and internal control over financial reporting (ICFR) matters. The Chief Accountant is the principal adviser to the Commission on matters related to accounting and auditing.
OCA staff works closely with domestic and international private-sector accounting and auditing standards-setting bodies, and consults with registrants, auditors, and other Commission staff regarding the application of accounting standards, auditing standards, and financial disclosure requirements. The typical staff person in OCA has ten to fifteen years of public accounting, industry and/or regulatory experience.
Recent Staff Speeches and Statements
The Auditor’s Responsibility for Fraud Detection (Paul Munter)
October 11, 2022
Audit Quality and Investor Protection under the Holding Foreign Companies Accountable Act (Paul Munter)
September 6, 2022
Assessing Materiality: Focusing on the Reasonable Investor When Evaluating Errors (Paul Munter)
March 9, 2022
Statement on OCA’s Continued Focus on High Quality Financial Reporting in a Complex Environment (Paul Munter)
December 6, 2021
Financial Reporting and Auditing Considerations of Companies Merging with SPACs (Paul Munter)
March 31, 2021
Modified: Jan. 11, 2023