New York (June 20, 2012) – The following is a statement by Barry Melancon, CPA, CGMA, president and CEO of the American Institute of CPAs, regarding the announcement today by the U.S. Securities and Exchange Commission that James Kroeker, SEC chief accountant, will leave his position.
“As SEC Chief Accountant, Jim Kroeker has served with outstanding judgment and his achievements have greatly benefited the nation's investors, issuers and our markets. Jim has approached his responsibilities with a strong commitment to the public interest and deep knowledge of the key issues of registrants and the profession. Jim has played a key role in efforts to improve financial reporting and reduce the complexity of financial disclosure. We wish him well.”