Charles D. Niemeier, a member of the PCAOB until a few months ago, has taken a position as partner with Williams & Connolly LLP. He will practice in the areas of securities, accounting and financial services. Niemeier was at Williams & Connolly prior to joining the SEC in 2000.
Niemeier is widely respected and admired. I have fond memories of lunching with him in San Francisco, last summer.
Many might recall the stir made by Niemeier’s speech to the NYSSCPA in September, 2008. In this speech, Niemeier mounted a spirited defense of U.S. GAAP, and argued against the U.S. moving to IFRS. Although this position is popular among rank and file accountants in the U.S., as well as many accounting professors, it is squarely against U.S. government policy. I admire him for having the courage to stand up.
Here is the announcement from Williams & Connolly LLP:
Williams & Connolly is pleased to announce the return of Charles D. Niemeier as a partner practicing in the securities, accounting and financial services areas.
From 2000 to 2002, Mr. Niemeier served as Co-Chair of the Financial Fraud Task Force of the Securities and Exchange Commission and concurrently as the Chief Accountant for the Division of Enforcement. In 2003, he became a member of the Board of the Public Company Accounting Oversight Board, serving as Acting Chairman for the initial six months, and continued to serve on the Board until 2011. He is a graduate of Georgetown Law School and a Certified Public Accountant.
“We are thrilled to welcome Charles back into the Williams & Connolly family,” said senior partner and Executive Committee member Robert B. Barnett. “His extensive government experience in the financial and accounting realms will be an immediate asset to the firm’s clients and to our future clients. We welcome him home.”
Charley, I’m sure I speak for countless accountants and investors as I wish you well in your new endeavor.
Debit and credit – – David Albrecht