PCAOB chief auditor Barbara Vanich to depart next month

The Public Company Accounting Oversight Board (PCAOB) successful the US has announced the departure of its main auditor Barbara Vanich.

Vanich volition permission the PCAOB connected 15 July 2026.

Her departure volition travel much than 17 years astatine the US audit watchdog.

PCAOB president Demetrios Logothetis said: "I person greatly valued Barb's adept proposal – her accomplishments astatine the PCAOB person been extraordinary.

"We convey her for her enactment and dedication, and we privation her good arsenic she embarks connected a caller nonrecreational opportunity."

Vanich joined the PCAOB successful February 2009.

She has held a bid of positions including subordinate main auditor, peculiar advisor to a committee member, lawman main auditor and acting main auditor.

She was appointed main auditor successful October 2022.

In that role, Vanich led enactment connected the adoption of a bid of standards to fortify audit prime and safeguard investors.

A cardinal task during her tenure was QC 1000, 'A Firm's System of Quality Control', adopted successful May 2024.

The standard, scheduled to travel into unit connected 15 December 2026, introduces a risk-focused strategy to enactment enhancements of audit quality.

Vanich besides supervised different large standard-setting initiatives.

Her play arsenic main auditor besides saw the motorboat of the PCAOB's Audit Practitioner Fellowship Programme. She besides oversaw the board's archetypal petition for remark connected imaginable aboriginal priorities for modular setting.

Vanich said: "It has been an honour to beforehand the PCAOB's investor-protection mission, unneurotic with my talented colleagues successful the Office of the Chief Auditor and truthful galore others crossed the PCAOB."

The PCAOB has started the process to place a caller main auditor. It plans to invitation applications from qualified candidates successful owed course.

In May this year, the PCAOB picked Randy Thornton arsenic its main operating officer.

"PCAOB main auditor Barbara Vanich to depart adjacent month" was primitively created and published by The Accountant, a GlobalData owned brand.