McDonough, Carmichael tapped. (PCAOB News).The Public Company Accounting Oversight Board is taking shape. The SEC unanimously selected William J. McDonough as chair of the five-member PCAOB. McDonough had been the president of the Federal Reserve Bank since 1993, after serving 22 years at First National Bank of Chicago. And the oversight board named Douglas Carmichael Carmichael, uninc. residential city (1990 pop. 48,702), Sacramento co., N central Calif., on the American River. Light manufacturing and agriculture form the basis of the economy., an accounting professor at Baruch College Baruch College: see New York, City University of., as its chief auditor. A longtime critic of auditing standards--and the Big Four--Carmichael will serve as primary technical adviser to the board. A former consultant to the SEC and an expert witness expert witness n. a person who is a specialist in a subject, often technical, who may present his/her expert opinion without having been a witness to any occurrence relating to the lawsuit or criminal case. It is an exception to the rule against giving an opinion in trial, provided that the expert is qualified by evidence of his/her expertise, training and special knowledge. on forensic accounting and independence issues, Carmichael is the author of 26 books on ethics, accounting and auditing. |
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