EY Partner Hired as SEC Deputy Chief Accountant

The Securities and Exchange Commission has hired Jackson Day, formerly a partner with Ernst & Young to assume the number two accounting position at the Commission.

As deputy chief accountant, Day will oversee the accounting and audit practices. The appointment comes at a difficult time for Big 5 firms as the SEC continues its hearings to determine if independence between an accounting and consulting practice is in jeopardy within firms.

Politically, Ernst & Young supports the SEC's plan, and already separated its consulting practice by selling it to Cap Gemini. PricewaterhouseCoopers also has announced plans to separate its practices.

Day will officially begin his duties Sept. 15.

Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Nov 24This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 9Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.