SEC names Beswick acting chief accountant

BY NEIL AMATO

Paul Beswick, who has worked at the SEC since 2007, was named acting chief accountant. He succeeds James Kroeker, whose last major task as chief accountant was completed Friday, his last day at the SEC. Kroeker’s staff issued its report on IFRS for U.S. public companies, capping a project that began in February 2010.

The SEC’s statement said Beswick had a key role in that effort, serving as staff director. Beswick previously was deputy chief accountant.

“I am delighted to welcome Paul as our acting chief accountant,” SEC Chairman Mary Schapiro said in the release. “Paul’s experience at the Office of the Chief Accountant and his knowledge of the profession will help him to lead the office and continue to counsel the commission on critical accounting questions.”

Before joining the SEC in September 2007, Beswick was a partner with Ernst & Young LLP. He also worked as a practice fellow at FASB from July 2005 to June 2007.

The SEC announced June 20 that Kroeker was stepping down to enter private-sector work. Kroeker had been chief accountant since 2009.

Neil Amato ( namato@aicpa.org ) is a JofA senior editor.

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.