SEC Names Wesley Bricker as New Chief Accountant, Replacing James Schnurr

By:
Chris Gaetano
Published Date:
Nov 28, 2016
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Hope everyone had a good Thanksgiving holiday. 

The Securities and Exchange Commission has named Wesley Bricker, a former PwC audit partner, as the agency's new chief accountant, replacing outgoing head James Schnurr, who will be leaving the agency. Bricker had been named acting chief accountant in July after Schnurr had been seriously injured in a bike accident. 

The Office of the Chief Accountant is responsible for establishing and enforcing accounting and auditing policy as well as improving the professional performance of public company auditors. As Chief Accountant, Bricker will serve as the principal adviser to the Commission on accounting and auditing matters and lead the Commission’s Office of the Chief Accountant. He will also oversee the Financial Accounting Standards Board and the Public Company Accounting Oversight Board. 

“It is an honor to continue to work on behalf of investors and to lead the talented and dedicated staff of the Office of the Chief Accountant and work together with the accounting and auditing standard setters’ boards and staff,” said Mr. Bricker.  “I look forward to continuing to promote improvements to financial reporting, including monitoring that the objectives of existing and new accounting and auditing standards meet the needs of investors for useful and reliable financial reporting information.”

Schnurr, the outgoing chief accountant, is continuing physical rehab for his injuries. SEC Chair Mary Jo White wished him a speedy recovery. 

“Jim’s extensive accounting and auditing expertise has been invaluable to the Commission,” said SEC Chair Mary Jo White. “Jim has been a strong leader--encouraging improvement in audit quality and working to facilitate other important goals, including consistent implementation and application of new accounting standards. I am deeply grateful to Jim for his service as the agency’s Chief Accountant. We all wish him the very best as he focuses full-time on his rehabilitation.”

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