Posted on Jan 13, 2021

STL.News

Washington, DC (STL.News) The Securities and Exchange Commission today announced that Sagar Teotia, the Commission’s Chief Accountant, intends to leave the agency by the end of February after nearly six years of total public service.

As Chief Accountant, Mr. Teotia is the principal advisor to the Commission on accounting and auditing matters.  He leads the SEC’s Office of the Chief Accountant (OCA), which works closely with domestic and international private-sector accounting and auditing standard-setting bodies, and consults with registrants, auditors, and other Commission staff regarding the application of accounting standards, auditing standards, and financial disclosure requirements.  In addition, as Chief Accountant, Mr. Teotia is responsible for assisting the Commission with discharging its oversight of the Financial Accounting Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB).

Since July 2019, Mr. Teotia also has served as Co-Chair of the Monitoring Group, a group of international financial institutions and regulatory bodies committed to advancing the public interest in international auditing matters.  Under Mr. Teotia’s co-leadership, the Monitoring Group in July 2020 published recommendations to significantly strengthen the international audit and ethics standard setting system and improve international audit quality.

Mr. Teotia was named as the SEC’s Chief Accountant in 2019 after previously serving as Deputy Chief Accountant. 
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