People in the News: May 20

CBM Announces New Principal

Larry Stokes

Larry Stokes

Councilor Buchanan & Mitchell (CBM) (FY12 net revenue of $6.9 million) of Bethesda, Md., announced that Larry Stokes, previously of Stokes & Company, has joined CBM as technical reviewer/principal effective May 1. All Stokes & Company employees have joined CBM.

Stokes & Company has provided auditing, tax, accounting and management consulting services since its founding in 1980.

“Larry Stokes and his staff bring the kind of experience and knowledge in the not-for-profit industry that any firm would be happy to have,” says Peter Reilly, president and MP of CBM. “We were pleased to find that Larry and his people share our values and commitment to our quality of work and our clients’ success. This unified vision will allow us to continue providing the high level of service and expertise our clients have come to know and expect.”


Chief Accountant Paul Beswick to Leave SEC

The SEC announced that Chief Accountant Paul Beswick is leaving the agency to return to the private sector. He will remain for a transitional period to help ensure continuity in the agency’s Office of the Chief Accountant (OCA).

Paul Beswick

Paul Beswick

Beswick has served as the SEC’s chief accountant since 2012. He joined the SEC staff in September 2007 as senior advisor to the chief accountant and later was named deputy chief accountant of OCA’s accounting group, which is responsible for resolving accounting practice issues, rulemaking and oversight of private sector standard-setting. Beswick also served as deputy chief accountant for OCA’s professional practice group, which has lead responsibility for auditor independence and interactions with the PCAOB.

“Paul’s leadership, critical analysis and sound judgment earned him the respect and admiration of his colleagues and staff,” says SEC Chair Mary Jo White. “He has been an invaluable asset to our accounting and auditing program. I will miss his wise counsel and insight.”

“I have truly been fortunate to serve as chief accountant under two chairs and alongside the talented and highly dedicated staff in the Office of the Chief Accountant,” says Beswick. “Throughout my service at the Commission, the staff of the Office of the Chief Accountant has faced many challenges and opportunities. I have been continually impressed with how they rise to the occasion in the interest of investors and the U.S. capital markets.”