University of Tennessee

Chairman of Public Company Accounting Oversight Board Postpones Talk at Haslam

March 29, 2016

James Doty, chairman of the Public Company Accounting Oversight Board (PCAOB), has postponed his presentation to students and professors on Friday, April 1.

Instead, Doty will likely speak at the C. Warren Neel Corporate Governance Center within the Haslam College of Business during Fall semester.

Doty, who was appointed to his current role by the United States Securities and Exchange Commission in 2011, will address current activities and developments at the PCAOB. His talk will not be open to the public.

“The PCAOB audits all the public companies in the United States,” said Joe Carcello, executive director of the Neel Corporate Governance Center. “If you have a 401K, 403b, IRA, SEP or defined benefit pension, the work of the PCAOB should matter a lot to you.”

During Doty’s time as chairman, the PCAOB participated for the first time in the U.S.­–China Strategic and Economic Dialogue. It emphasized the importance of reaching an agreement to inspect audit firms based in China and, in 2013, entered into an enforcement cooperation agreement with China.

Doty also has established the first Center for Economic Analysis to study the role and relevance of the audit in capital formation and investor protection, to inform the board’s cost-benefit analysis, and to encourage greater economic research into auditing issues.

He served as general counsel of the SEC from 1990 to 1992. Prior to and beyond that he practiced securities and corporate law as a partner at Baker Botts LLP, which he joined in 1969. Doty also represented the PCAOB in obtaining a successful result in the 2010 U.S. Supreme Court challenge to its constitutionality, Free Enterprise Fund v. PCAOB.

Doty earned his bachelor’s degree in history from Rice University and was a Rhodes Scholar at Oxford University. He also received a master’s degree in history from Harvard University before graduating from Yale Law School. In 2011, he received a Statesman Award from the Foreign Policy Association for his commitment to worldwide audit integrity.