Only for members.
The Ohio Board of Accountancy (ABO), who recently wrote history as the first of 54 state regulatory committee accounting for agencies to the USA to choose a president, this is not a licensed CPA is still working in the profession of auditor. Edward Butler, a retired businessman, took over the head of the board of directors on November 1, 2002, succeeds outgoing president, Connie Woods, CPA.
Butler’s option, under the advertising much controversy on the outcome of a series of scandals, which resulted in the creation and rapid adoption of the federal budget Sarbanes-Oxley Act of 2002 in July. A provision of the law is the creation of a new Public Company Accounting Oversight Board (PCAOB), who chaired by a non-CPA. This mandate increases eyebrows within the economy of the examination, because the question arises whether or not an individual and not outside CPA has been qualified at the head of the mother. He appeared to the appointment of someone outside the professional CPA was designed for an impression of impartiality and contribute to public confidence in investors.
On the question of whether Butler’s appointment was to serve a similar purpose, Executive Director Ron Rotaru ABO concluded that it was an integral part of the decision to his nomination and subsequent election. “We are not against the ground at this interview. Obviously, we are interested in restoring public confidence. Ed was very successful businessman six years’ experience on his belt He was chosen because it provides a perspective on the diverse economy counsel Because we do not feel under pressure to get a chair, is not a CPA. The time was good and so it was one men. ”
Connie outgoing Chair Woods, CPA recognizes that Butler was a good choice. “In the past, there has always been an unwritten rule, a public member is not the position of chairman of the board of directors. Ed But I respect enormously. It is a brilliant man, has a new perspective on things you help the Board believes that the prospect in the eye of the public. ”
Butler served as Vice-President of the shuttle and the Screw Cap Set for the company 10 years. Then, from 1991 to 1998 he served as chairman of the committee. From 1980 to 1992, he placed in the local school Revere District Board of Education, three years as chairman of the Board of Directors. More recently, he joined as president of the Golf Club of Canterbury, one of the best clubs in 100 countries around the nation.