The U.S. Securities and Exchange Commission (SEC) announced Wednesday that H. David Kotz has been named the agency's new Inspector General.
As the SEC's Inspector General, Kotz, who currently was Inspector General of the Peace Corps, will conduct independent and objective audits, investigations and inspections to detect waste, fraud and abuse, and promote economy, effectiveness and efficiency, according to a statement released by the SEC.
Under the Inspector General Act of 1978, Inspectors General have a dual and independent reporting relationship to the agency head and to Congress.
Appointments are based on integrity and ability in such areas as accounting, auditing, financial analysis, public administration and law, without regard to political affiliation, said the statement.
"The Office of Inspector General has an enormous responsibility to both the agency and the public that requires a principled and independent leader," said SEC Chairman Christopher Cox.
"Mr. Kotz has demonstrated consistent strength, independence and integrity as Inspector General of the Peace Corps. He will be responsible for assessing all aspects of the Commission's programs to ensure efficiency, effectiveness and accountability," he added.
As Inspector General at the Peace Corps since February 2006, Kotz was responsible for overseeing the internal operations of Peace Corps programs in Washington, D.C.. After joining the Peace Corps staff in October 2002, he was an Associate General Counsel for more than three years.
Source:Xinhua
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