Washington, DC – Center for Audit Quality (CAQ) Executive Director Cindy Fornelli issued the following statement on the appointment of Wesley R. Bricker as the new Securities and Exchange Commission (SEC) Chief Accountant and the retirement of James Schnurr from the SEC:
“Wes has proven to be an effective interim Chief Accountant, and we look forward to continuing to work with him to advance audit quality and serve investors. He brings a wealth of accounting and auditing expertise and a critical technological and data analytics skillset to the role.
“Additionally, the CAQ thanks Jim for his service to investors and the public company auditing profession. Jim has been a strong leader and a valuable resource to the SEC. We commend him for his efforts to enhance audit quality and his many accomplishments during his tenure, including his leadership in advancing a productive dialogue among key stakeholders on internal control over financial reporting.
“We wish Jim well in his retirement and his continued rehabilitation.”
The Center for Audit Quality (CAQ) is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ fosters high quality performance by public company auditors, convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions. Based in Washington, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.