PCAOB Names Marty Baumann Chief Auditor

The PCAOB announced earlier today that it has named Martin F. (Marty) Baumann to the position of Chief Auditor and Director of Professional Standards. (See PCAOB press release.) Baumann moves into this position from his current position as Director of PCAOB's Office of Research and Analysis (ORA), a position he has held for the past three years. Prior to joining the PCAOB in 2006, Baumann had a 33 year career with PricewaterhouseCoopers, and as noted in PCAOB's press release issued today (and the earlier PCAOB press release when Baumann was first hired by the PCAOB in 2006), he was brought into serve as EVP Finance of Freddie Mac in 2003, after problems were identified at the company, to lead the completion of the company's restatement and improve its financial reporting.