George Botic Named PCAOB Director of Registration and Inspections
January 23, 2019
Washington, November 1, 2018 -- The Public Company Accounting Oversight Board announced today that George Botic has been named the director of the Division of Registration and Inspections, the PCAOB’s largest division.
Since May of this year, Mr. Botic has served as acting director of the division, with responsibility for carrying out the PCAOB’s mission of investor protection through its statutory requirements to register and inspect domestic and foreign accounting firms that audit public companies or broker-dealers.
“George is a skilled and respected leader who has earned the Board’s trust and confidence to develop and implement our inspections program of the future,” said PCAOB Chairman William D. Duhnke.
Prior to his role as acting director, Mr. Botic served as director of International Affairs, overseeing the PCAOB’s negotiations and relationships with foreign audit regulators and governments.
He joined the Division of Registration and Inspections in 2003, rising to deputy director in 2009, where he led the PCAOB’s inspection program for domestic and non-U.S. registered accounting firms that are not affiliated with one of the large global networks. He also oversaw inspection reporting for these firms and was the division's representative on all international regulatory matters.
From 2014 to January 2018, he served as special adviser to the chairman, advising on all matters that came before the board. He was also involved with international inspection efforts and the development of regulatory policy for the PCAOB.
Before joining the PCAOB, Mr. Botic was a senior manager with PricewaterhouseCoopers LLP in the Washington office. During 13 years at PwC, he conducted audits of numerous public and private companies in a variety of industries and assisted companies in going public. Mr. Botic is a graduate of Shepherd University and received a Master of Accountancy from Virginia Tech.
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.