The Senate confirmed the nomination of Mary Jo White, who was sworn in as chairman of the SEC.
White, a former prosecutor who was the first woman to hold the high-profile position of U.S. attorney for the Southern District of New York, brings a pedigree that could raise the SEC’s reputation for enforcement.
The Southern District of New York includes Manhattan, and White’s successful prosecutions include that of Ramzi Yousef in the 1993 World Trade Center bombing. She also gained a conviction in the prosecution of mob boss John Gotti in 1992 when she was acting U.S. attorney in the Eastern District of New York.
David Vaudt, who has been Iowa’s state auditor since January 2003, has been named GASB’s new chairman.
Vaudt, 59, will take his post on July 1 following the retirement of current chairman Robert Attmore. As state auditor, Vaudt has been responsible for auditing Iowa’s comprehensive annual financial report and single audit report. He also has supervised the annual audit of more than 200 Iowa cities, counties, school districts, and other government agencies.
The FAF trustees appointed Vaudt to a single, seven-year term in a departure from their past practice of awarding an initial five-year term with the possibility of a second five-year term. Attmore has served nine years as GASB’s chair.
Before serving as Iowa’s state auditor, Vaudt worked for 25 years in KPMG’s Des Moines office, including 13 years as partner. He specialized in the office’s government services practice and also served as the office’s human resources and recruiting partner. He was president of the National State Auditors Association from 2011 to 2012, chair of the National Association of State Boards of Accountancy from 2003 to 2004, and chair of the Iowa Accountancy Examining Board from 1995 to 2002.