The U.S. Securities and Exchange Commission Monday appointed a new acting chairman for the Public Company Accounting Oversight Board.

Effective August 1, Daniel Goelzer, a founding and current member of the PCAOB board, will become acting chairman. The PCAOB, which is subject to oversight by the commission, was created by the Sarbanes-Oxley Act of 2002 and is responsible for supervising accounting firms that audit public companies.

Goelzer has served as general counsel of the SEC and has held the offices of executive assistant to the SEC chairman and associate general counsel in the Office of the General Counsel. He was also a partner with the law firm of Baker & McKenzie, where he practiced in securities and corporate law and specialized in matters involving the SEC. Earlier in his career, he worked as an auditor for Deloitte & Touche.

“Daniel Goelzer has demonstrated the leadership, ability and experience necessary to oversee the continued progress of this important organization,” said SEC chairman Mary Schapiro. “During this interim period, I look forward to working with him, his colleagues, and the PCAOB staff as they continue to fulfill their mission of protecting investors.”

IE