CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP’s National Partner for Auditing Standards, Mike Santay, has been elected to chair the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). Santay began serving as chair at the Auditing Standards Board meeting on January 12, 2016.
“This is a tremendous honor, not just for Mike, but for Grant Thornton,” said Jeff Burgess, national managing partner of Grant Thornton’s Audit practice. “His selection by his peers to chair this important committee will help ensure that our profession continues to evolve and underscores our own commitment as a firm to audit quality.”
Santay joined Grant Thornton in 2003, and, in his current role, he leads the firm’s participation in professional committees and task forces focused on audit matters including developing firm responses to professional and regulatory proposals specific to auditing standards. He also assists in the development of firm audit policies and guidance and consults on risk management of other audit and firm matters.
Santay began his career at Arthur Andersen LLP, and has also worked in financial management roles at various public companies, including Quaker Oats Co., Fruit of the Loom, and RR Donnelly & Sons Co.
Santay is a certified public accountant in Illinois and has served in various task forces and committees with the Center for Audit Quality. He is on the board of Access Living of Chicago and currently serves as treasurer and finance committee chair for that organization. He holds a master’s degree from Northwestern University’s Kellogg School of Management, and a bachelor’s degree in accounting from DePaul University.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenue in excess of $1.4 billion and operates 58 offices with more than 500 partners and 6,400 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
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About the American Institute of CPAs (AICPA)
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.
Media representatives are invited to visit the AICPA Press Center at www.aicpa.org/press.