The Public Company Accounting Oversight Board (PCAOB) has announced that Duane M. DesParte has been successfully elected as the new chair of the International Forum of Independent Audit Regulators (IFIAR).
Desparte will serve in a two-year term in the senior role of the regulator, which will expire in April 2023.
Prior to his new position, Desparte has been a PCAOB member since April 2018 and has actively participated in PCAOB’s international activities.
On his appointment, he said: “I am honored for this opportunity to lead IFIAR in its important work.
“IFIAR brings together audit regulators from across the globe to share experiences, knowledge and perspectives, helping to improve the effectiveness of audit oversight globally and thereby raising the bar on audit quality.”
William D. Duhnke III, chairman of the PCAOB, said: “Congratulations to board member DesParte. His appointment and willingness to serve reflect the PCAOB’s continuing commitment to international engagement.”