AICPA Commends Departing SEC Chairman Mary Schapiro, Congratulates Elisse Walter Upon Her Nomination to Lead Commission

November 26, 2012

Washington, D.C. (Nov. 26, 2012) - The following is a statement by Barry Melancon, president and CEO of the American Institute of CPAs, in reaction to the nomination of Elisse Walter to succeed Mary Schapiro when she steps down as SEC Chairman:

“Acknowledging that the work of CPAs is critical to the effective functioning of our capital markets, Mary Schapiro has demonstrated a willingness to engage in a constructive dialogue with the AICPA on a wide range of issues.  We commend her for putting the needs of the investing public first during her tenure as chairman. And we wish her the best.

I also want to take this opportunity to congratulate Commissioner Elisse Walter upon her nomination to succeed Mary as chairman. She is a very able and experienced regulator. We are committed to working with her on the many financial and accounting matters of importance to CPAs and investors alike.”