The PCAOB has a new board. Time to get to work!
There's a lot to do to restore credibility to a regulator badly damaged internally and externally by the most egregious scandal ever to hit the accounting industry.
On November 8 the SEC announced the appointments of four new board members for the PCAOB and the decision to allow the one remaining board member from the disastrous Duhnke era, Duane DesParte, to serve out his remaining term.
DesParte had been serving as the acting Chairperson ever since SEC Chair Gary Gensler unceremoniously dumped Duhnke in June. DesP…