Hauptman appointed to SEC accounting oversight board

The Securities and Exchange Commission (SEC) announced the appointment of Kyle Hauptman to the Public Company Accounting Oversight Board (PCAOB) Friday. Hauptman is currently NCUA Board chair; he has indicated he will serve in that capacity until his successor is confirmed.

"We congratulate NCUA Board Chair Hauptman on his appointment to the PCAOB. In his work on the NCUA Board, Hauptman has prioritized effective oversight, right-sized regulations, and thoughtful modernizations to ensure a safe, stable credit union industry. These priorities are sure to continue in his new capacity. We look forward to continuing to work with Hauptman through the rest of his term at the NCUA," said Scott Simpson, America's Credit Unions president/CEO.

The PCAOB oversees the audits of public companies and broker-dealers, subject to oversight by the SEC. Hauptman has been appointed to a term on the PCAOB that expires Oct. 24, 2029.

America's Credit Unions will remain closely engaged with the NCUA and Administration and keep the credit union industry informed of nominees for the NCUA Board.