PCAOB Chair Erica Y. Williams Resigns

Public Company Accounting Oversight Board ("PCAOB") Chair Erica Y. Williams will leave the PCAOB Tuesday, July 22.

It was widely reported that SEC Chair Paul Atkins asked for her resignation. The resignation comes on the heels of Congressional proposals to dismantle and fold the PCAOB into the SEC. (See prior coverage.)

In a statement, Ms. Williams who has been PCAOB Chair since January of 2022, said: "With high economic uncertainty increasing the risk of fraud, the PCAOB's mission is as important as ever. It's critical the expert PCAOB staff continue to be empowered to carry out their work of ensuring American investors are protected."