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Deloitte Vet James Schnurr Named SEC Chief Accountant; Mary Jo White Comments

Securities and Exchange CommissionJames Schnurr, a retired vice chairman and senior professional practice director from Deloitte, will join the Securities and Exchange Commission in October as chief accountant and succeed Paul Beswick.

SEC said Tuesday Schnurr will implement accounting and auditing policy, work to help bolster performance of auditors at public companies and offer oversight on financial reporting.

“His deep knowledge of accounting and auditing standards coupled with his extensive experience interacting with regulators and accounting and auditing standard setters will be invaluable to the commission,” said Mary Jo White, SEC chair.

During his tenure at Deloitte, Schnurr worked with public companies on SEC and financial reporting and served as senior partner for mergers and acquisitions.

He also served as deputy managing partner for quality control and risk management for the firm’s audit and advisory professional services.

Schnurr has also been a member of the Financial Accounting Standards Board and Public Company Accounting Oversight Board.

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