Chief accountant Wesley Bricker to leave SEC

By Ken Tysiac

Wesley Bricker, Esq., CPA, is leaving the SEC after serving as the regulator’s chief accountant since 2016, the commission announced Thursday.

Bricker has served with the agency for more than six years and previously held the post of deputy chief accountant. The SEC said that Bricker’s accomplishments during his tenure include:

  • Working to advance accounting and auditing policy and improve the professional performance of auditors domestically and internationally.
  • Developing recommendations regarding auditor independence and a framework for reporting and disclosing the income tax accounting implications of the Tax Cuts and Jobs Act of 2017.
  • Working with FASB to oversee the timely identification and resolution of implementation issues related to new accounting standards on topics such as revenue recognition, leasing, and current expected credit losses.
  • Delivering organizational, managerial, and technological initiatives to support a more integrated and coordinated approach in the office to increasing the identification and awareness of emerging issues in financial reporting to inform policymaking and provide opportunities for the development of new, current, and emerging leaders.

“Wes has moved the commission forward in many ways, and I cannot thank him enough for his service,” SEC Chairman Jay Clayton said in a news release.

The SEC named Sagar Teotia, CPA, to the position of acting chief accountant following Bricker’s departure in June. Teotia has served as deputy chief accountant, leading the accounting group, since 2017.

Previously he was a partner in Deloitte’s national office and was responsible for providing consultation regarding accounting matters.

“Sagar’s extensive experience and expertise in accounting and audit matters is well recognized by his colleagues both inside and outside the commission,” Clayton said.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

Where to find February’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.