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SEC names acting chief accountant

The appointment represents a natural promotion from his current role as deputy chief accountant

The Securities and Exchange Commission (SEC) has announced that Paul Munter will take on the role of acting chief accountant upon Segar Teotia’s departure in February.

In his new role, Munter will act as the principal advisor to the commission on accounting and auditing matters, while also assisting in discharging its oversight of the Financial Accountings Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB).

A certified public accountant in Colorado, New York, and Florida, Munter has served as deputy chief accountant at the organization since 2019.

He said: “I am honored and humbled to serve the agency on behalf of investors and to lead the talented, experienced, and dedicated staff of the office of the chief accountant. 

“I am looking forward to continuing to support work that improves the quality of financial reporting and auditing, both domestically and internationally, including the opportunity to work with our many important constituents involved in the preparation, auditing, and use of financial information, as well as those who develop accounting and auditing standards.”

The news comes in the same week as the appointment of Allison Herren Lee to the position of acting chair of the commission.

Lee recognised the “significant experience” that Munter will bring to his new role, adding that she is “grateful” he accepted the offer.

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