The American Institute of Certified Public Accountants (AICPA) recently appointed Bruce Webb, a partner in McGladrey LLP's National Professional Standards Group, as chairman of the AICPA's Auditing Standards Board. The Auditing Standards Board is the AICPA's senior technical committee designated to issue auditing, attestation, and quality control standards applicable to the performance and issuance of audit and attestation reports for nonissuers.
"We're pleased that the AICPA chose Bruce to chair the Auditing Standards Board," said Joe Adams, managing partner and CEO for McGladrey. "Bruce has a deep understanding of the needs of clients and users of financial statements. He brings many years of meaningful experience to the board’s oversight. His auditing experience with McGladrey, coupled with his extensive contributions to the profession, makes him an excellent choice for the AICPA."
"I'm honored to be selected to serve in this leadership role," said Webb. "I look forward to working with the board to further develop the AICPA’s auditing, attestation, and quality control standards, and to provide practice guidance for the profession."
Webb was the executive partner of McGladrey’s National Professional Standards Group from 2007 until 2011. Prior to that role, he served as the firm’s national director of auditing and independence. Bruce started his career in the firm’s Des Moines, Iowa office in 1970 and joined the firm’s National Office in 1988.
An active member of the profession, Webb has served on various standard-setting bodies, and other technical committees and task forces. He currently serves on the Center for Audit Quality’s Professional Practice Executive Committee and is a former chairman of the AICPA’s Professional Ethics Executive Committee and a former member of the Auditing Standards Board.