SEC names Bricker interim chief accountant

Deputy serves as Schnurr recovers from bicycle crash.

As SEC Chief Accountant James Schnurr recovers from a serious bicycle crash, the commission has named Wesley Bricker interim chief accountant.

Bricker will handle the duties of the chief accountant in Schnurr's absence, serving as the SEC's adviser on accounting and auditing matters. He also will consult with registrants, auditors, and other industry representatives and will be responsible for the oversight of FASB and the PCAOB.

Bricker has served as deputy chief accountant since 2015, advising the SEC on accounting and auditing matters and working closely with private sector accounting bodies such as FASB. Before joining the SEC in 2015, he was a partner with PwC LLP.

"Wes's expert knowledge, leadership, and analytic skills and Jim's expertise and wealth of experience will continue to provide critical service to investors, companies, and the commission," SEC Chair Mary Jo White said in a news release.

Schnurr, a retired former Deloitte LLP vice chairman, was named SEC chief accountant in August 2014.

"Our thoughts are with Jim and his family after his accident, and we wish him a speedy recovery," Center for Audit Quality (CAQ) Executive Director Cindy Fornelli said in a statement. "Wes's extensive experience serving the public and in accounting and auditing has prepared him well for this new role. We look forward to working with Wes toward our shared mission of protecting investors and the markets."

The CAQ is affiliated with the AICPA.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.