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September 14, 2010

SEC appoints Grant Thornton’s global COO

The Securities and Exchange Commission (SEC) has appointed Mike Starr as deputy chief accountant for policy support and market monitoring in the agency’s chief accountant office.

Starr previously worked at Grant Thornton for more than 20 years, most recently as the global chief operating officer.

Starr’s new responsibilities will include serving as the SEC chief accountant’s liaison on projects to improve the quality of accounting and auditing policy decisions and to identify and address potential financial reporting weaknesses and risks. He will also act as an advisor to the chief accountant and the office.

While at Grant Thornton International, Starr was instrumental in implementing the firm’s global strategy and overseeing public policy.

He has worked as worldwide director of risk management and regulatory matters, and at Grant Thornton US as managing partner of public policy and strategy.

Starr said that he was looking forward to engaging with investors, business and accounting stakeholders.

“Close collaboration and co-operation with national regulators and standard setters is especially critical to accomplishing the SEC’s mandate to protect investors,” Starr commented.

SEC chief accountant Jim Kroeker said Starr’s understanding of the role financial reporting plays in capital markets makes him a valuable addition to the leadership team.

Starr has also been a member and chair of several American Institute of Certified Public Accountants committees as well as a member of the Global Public Policy Committee, chairing its regulatory working group.

He begins his role at the SEC next month.

 

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