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SEC gov | Paul Munter Named the SEC s Acting Chief Accountant

FOR IMMEDIATE RELEASE Washington D.C., Jan. 22, 2021 The Securities and Exchange Commission today announced that Paul Munter will serve as the Acting Chief Accountant upon the departure of Sagar Teotia in February. Since 2019, Mr. Munter has served as Deputy Chief Accountant leading the international work in the agency’s Office of the Chief Accountant. As Acting Chief Accountant, Mr. Munter will serve as the principal advisor to the Commission on accounting and auditing matters. He also will be responsible for assisting the Commission in discharging its oversight of the Financial Accounting Standards Board and the Public Company Accounting Oversight Board.

SEC accounting office acknowledges challenging year for auditors

Securities and Exchange Commission Chief Accountant Sagar Teotia and his deputies shared their current activities and future plans at the AICPA’s conference on current SEC and Public Company Accounting Oversight Board (PCAOB) developments earlier this week. Among other things, they discussed their work relating to public company financial reporting, accounting and auditing policy updates, and financial reporting considerations related to COVID-19. Sagar Teotia Teotia said the key activities overhanging everything the Office of the Chief Accountant (OCA) does include investor protection, seeking engagement with constituents, being candid and transparent, and attaining the highest quality financial reporting. The OCA works closely with other U.S. regulators, like the Financial Accounting Standards Board and the PCAOB, and international counterparts. Teotia stressed that to properly conduct its domestic activities, the OCA needs a broad view of international activities and differen

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