Sagar Teotia to Conclude Tenure as SEC Chief Accountant

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).