Earlier today, SEC Chairman Mary L. Schapiro announced the appointment of Jeanette M. Franzel to the PCAOB board. Franzel, currently a Managing Director at the U.S. Government Accountability Office (GAO), fills the vacancy created when board member Dan Goelzer's term ended; Goelzer remained on the board pending the naming of his replacement.
As noted in the SEC's press release: "Ms. Franzel currently leads all aspects of GAO’s financial audit oversight of the U.S. federal government. She heads a team of approximately 250 staff that focuses on financial and performance audits, proper use of federal funds, internal control, financial systems, and federal audit and financial management policy. Ms. Franzel is a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA), and Certified Government Financial Manager (CGFM). She received her bachelor’s degree from the College of St. Teresa and holds an M.B.A. from George Mason University." SEC Chairman Mary L, Schapiro, and SEC Chief Accountant Jim Kroeker praised Franzel in the press release. SEC Commissioner Luis Aguilar issued a dissenting statement to the appointment. The PCAOB issued this Statement.