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Financial Reporting and Regulatory Update

First Quarter 2018

From the PCAOB

New Chairman and Board Members

On Dec. 12, 2017, the SEC appointed a new board of four members and a chairman. Since then, the chairman and board members have been sworn into office at the Public Company Accounting Oversight Board (PCAOB).

On Jan. 2, 2018, William D. Duhnke III was sworn into office as chairman of the PCAOB. He previously served as the staff director and general counsel to the U.S. Senate Committee on Rules and Administration.

On the same day, Kathleen M. Hamm was sworn in as a board member. She recently served as the global leader of securities and financial technology solutions and senior strategic adviser on cyber solutions at Promontory Financial Group.

On Feb. 1, 2018, J. Robert Brown was sworn in as a board member. He was previously a professor of corporate governance and director of the corporate and commercial law program at the University of Denver.

On March 1, 2018, James G. Kaiser was sworn in as a board member. He recently retired as a partner from PricewaterhouseCoopers, where he was the global assurance methodology and transformation leader.

On April 9, 2018, Duane M. DesParte was sworn in as a board member. In March 2018, he retired as senior vice president and corporate controller of Exelon Corporation.