The Securities and Exchange Commission has promoted Paul Beswick, the agency’s acting chief accountant, to serve in the same capacity on a permanent basis.
The agency said Beswick succeeds James Kroeker, who will become Deloitte’s deputy managing partner for its professional practice in January (click over to our sister site GovCon Executive for more on his new career phase and background).
Beswick joined the agency in September 2007 and served as deputy chief accountant prior to taking on the acting position.
As deputy chief, he oversaw the day-to-day operations of the office’s accounting group including resolving accounting practice issues, rulemaking and oversight of private sector standard-setting efforts.
“Paul has served the commission with great distinction and provided wise counsel on difficult accounting questions,” said SEC Chairman Elisse Walter. “Investors and the accounting profession will benefit with Paul as the chief accountant.”
Beswick has also served as staff director of a multi-year project aimed at helping evaluate the effects of incorporating International Financial Reporting Standards into financial reporting systems for U.S. companies.
The SEC said the final staff report was published earlier this year after a nearly two-year effort.
Before joining the agency, Beswick served as a partner in the professional practice and risk management group at Ernst & Young LLP.
He also served as a practice fellow at the Financial Accounting Standards Board, where he helped develop accounting guidance for changing accounting issues.