Wayne Carnall

Experience

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  PwC

  Aug 1981 - Jun 1991

  Audit Senior Manager (last position)

  - Audited a diverse client portfolio of SEC reporting companies and non-public companies engaged in manufacturing, commercial banking, retail, railroad, and mutual funds.

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  US Securities and Exchange Commission

  Jul 1991 - Feb 1997

  Associate Director of Accounting Operations in the Division of Corporation Finance (last position)

  - Appointed to the U.S. Government’s Senior Executive Service.- Rendered decisions on financial reporting matters involving U.S. GAAP and other internationally recognized accounting standards, as well as US GAAS and SEC accounting and reporting requirements. - Met with domestic and foreign companies, leaders in the accounting and legal profession, and investor groups to address their perspectives on regulatory and financial reporting matters. - Drafted or assisted in drafting SEC regulations for domestic and foreign issuers, Staff Accounting Bulletins, and other SEC staff interpretations. - Established working relationships with securities regulators and accounting standard setters around the world. - Served a lead role in establishing the AICPA International Practices Task Force.- Conducted interviews with reporters in the U.S. and internationally.- Presented at domestic and international conferences on SEC and financial reporting matters. Show less

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  PwC

  Mar 1997 - Nov 2007

  Assurance Partner

  - Led service delivery for the Foreign Private Issuers practice in the SEC Services Group.- Advised domestic and international companies in diverse industries and on unique transactions including initial public offerings, acquisitions, and divestures.- Met with boards of directors, audit committees, external legal counsel, and company executives including CEOs, CFOs, CAOs, and GCs to advise on complex or contested financial reporting situations and develop a course of action. - Provided guidance regarding the application of different global accounting standards to complex accounting, auditing, and reporting matters including matters relating to US GAAP, IFRS, and SEC accounting and disclosure requirements, as well as US GAAS and PCAOB standards.- Developed PwC’s position and published guidance on various SEC reporting matters.- Appointed to PwC’s Global International Financial Reporting Standards Board and PwC’s Global 404 (Reporting on Internal Control over Financial Reporting) Steering Committee, which were designed to improve the quality and consistency of financial reporting and auditing on a global basis.- Member of the AICPA International Practices Task Force.- Developed training on U.S. GAAP and SEC reporting matters for partners and staff outside of the U.S.- Conducted interviews with reporters in the U.S. and internationally.- Presented at domestic and international conferences on SEC and financial reporting matters. Show less

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  US Securities and Exchange Commission

  Dec 2007 - Jun 2011

  Chief Accountant - Division of Corporation Finance

  - Appointed as a Senior Officer of the SEC.- Developed the Division’s policies, programs, procedures, and training relating to financial reporting matters. - Rendered decisions on financial reporting matters involving US GAAP, IFRS, PCAOB standards, US GAAS, and SEC accounting and reporting requirements. - Met with domestic and foreign companies, leaders in the accounting and legal profession, and investor groups to address their perspectives on regulatory and financial reporting matters. - Worked with the Financial Accounting Standards Board, the International Accounting Standards Board, the Public Company Accounting Oversight Board, U.S. government agencies, and private sector organizations to address issues of mutual interest.- Drafted or assisted in drafting SEC regulations, drafted and jointly authorized the issuance of Staff Accounting Bulletins, drafted Dear CFO Letters, and developed and published the Financial Reporting Manual and many other SEC staff interpretations. - Established the SEC’s involvement in the PCAOB’s Forum on Auditing in the Small Business Environment and developed presentation material for the Forum.- Responded to Congressional inquiries and participated in briefings with Congressional staff.- Served as an observer to the PCAOB’s Standing Advisory Group.- Moderated public roundtables regarding IFRS, use of fair value accounting, and other financial reporting matters.- Conducted interviews with reporters in the U.S. and internationally.- Presented at domestic and international conferences on SEC and financial reporting matters. Show less

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  PwC

  Jul 2011 - Sept 2020

  - Member of PwC’s SEC Services Group leadership team.- Advised domestic and international companies in diverse industries and on unique transactions including initial public offerings, SPACs, carve-outs, spin-offs, reverse spin-offs, reverse Morris trusts, acquisitions, and divestures.- Met with boards of directors, audit committees, external legal counsel, and company executives including CEOs, CFOs, CAOs, and GCs to advise on complex or contested financial reporting situations and develop a course of action.- Provided guidance regarding the application of different global accounting standards to complex accounting, auditing, and reporting matters including matters relating to US GAAP, IFRS, and SEC accounting and disclosure requirements, as well as US GAAS and PCAOB standards.- Developed PwC’s position and published guidance on various SEC reporting matters.- Facilitated the resolution of matters with the SEC’s Division of Corporation Finance, Division of Enforcement, and Division of Investment Management.- Conducted interviews with reporters in the U.S. and internationally.- Presented at domestic and international conferences on SEC and financial reporting matters. Show less

  • Consultant

    Jul 2019 - Sept 2020

  • Assurance Partner

    Jul 2011 - Jun 2019
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  PwC

  Jan 2021 - Jun 2023

  Consultant

  - Member of PwC's SEC Services Group leadership team.- Led service delivery for the Foreign Private Issuers practice.- Advised domestic and international companies on financial and SEC reporting matters.