SEC Names Sagar Teotia As Chief Accountant

Sagar Teotia has been named the SEC’s chief accountant, serving as the main advisor on accounting and auditing issues while leading a 45-member staff.

Teotia will also be responsible for assisting the commission with oversight of the Financial Accounting Standards Board (FASB) and the PCAOB.

“In his role as acting chief accountant, Sagar has skillfully continued the exceptional leadership of the office and clearly has the support of his colleagues,” says SEC Chairman Jay Clayton. “I am pleased he will continue to promote the importance of effective financial reporting and auditing both domestically and internationally.”

Teotia has also served as deputy chief accountant, leading the accounting group since 2017. He started his career at the SEC as a professional accounting fellow from 2009 to 2011. He rejoined the SEC in 2017 from Deloitte, where he was a partner responsible for providing consultation regarding accounting matters.

Teotia’s office is responsible for establishing and enforcing accounting and auditing policy as well as improving the professional performance of public company auditors. The office works to improve the transparency and relevancy of financial reporting and ensure that financial statements are fair and credible.