Advancing a continued focus on audit quality
Our independent Assurance Quality Advisory Committee (AQAC) currently consists of three members who will provide perspectives and advice to Assurance leadership on all aspects of the business, operations, culture, governance and risk management approach that are reasonably expected to impact audit and assurance quality.
The establishment of the AQAC is unique in that it establishes us as the only firm with both a board that includes external members and an independent advisory committee focused on quality.
Russell (Russ) Golden chairs PwC’s Assurance Quality Advisory Committee (AQAC). He most recently served as Chairman of the Financial Accounting Standards Board (FASB) from July 2013 to June 2020. Prior to his role as FASB Chair, Russ served as the Technical Director overseeing FASB’s accounting standards and technical application and implementation activities and as Chair of FASB’s Emerging Issues Task Force (EITF). Before joining FASB, he was a partner at a professional services firm, where he counseled partners and clients in the US and globally on technical accounting matters.
Alan Beller has been a member of PwC’s Assurance Quality Advisory Committee (AQAC) since July 2020. With nearly 40 years of experience at Cleary Gottlieb Steen & Hamilton LLP, where he is currently a Senior Counsel, Alan is a recognized thought leader on securities and corporate law, capital markets, accounting and auditing and corporate governance matters. He is also a Director of the Sustainability Accounting Standards Board (SASB) and a Vice Chairman of the International Financial Reporting Standards (IFRS) Foundation. Previously, Alan served as the Director of the Division of Corporation Finance to the US Securities and Exchange Commission and as a Senior Counselor to the Commission.
Joanne Wakim has been a member of PwC’s Assurance Quality Advisory Committee (AQAC) since July 2020. Joanne brings a strong track record of leadership in the financial markets. Previously, she served as Chief Accountant at the Federal Reserve Board’s Division of Supervision and Regulation. In that capacity, Joanne advised the Federal Reserve Board of Governors and senior staff on the implications of key accounting, auditing and reporting issues.
Joanne has also worked to advance international initiatives, having served as a member of the Basel Committee Accounting Experts Group. The Accounting Experts Group helps foster high quality international accounting, audit, and ethics standards and practices with the aim of promoting high quality bank audits, and ensures regular communication on emerging issues between banking supervisory authorities and audit firms. She also previously served on the staff of the Financial Accounting Standards Board.
Passionate about helping others, Joanne has been involved in public interest and nonprofit organizations throughout her career. She is a certified public accountant. Joanne earned a B.S. in Accounting from Clemson University.