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Daniel Goelzer

Daniel L. Goelzer has a strategic role in the Baker & McKenzie's global corporate, securities, and banking compliance practices. He has more than 35 years of securities law experience, including service in senior positions at both the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). The SEC appointed him as a founding member of the PCAOB, and he served as the Board’s Acting Chairman from 2009 to 2011. He is also a former General Counsel of the SEC and a former Vice Chair of the International Forum of Independent Audit Regulators. He writes and speaks frequently on national and international securities laws and accounting industry issues.

According to consulting firm Protiviti’s 2015 Sarbanes-Oxley Compliance Survey, the costs of Sarbanes-Oxley Act compliance continue to increase, even though the statute has been on the books for 13 years. Factors that have prevented SOX compliance costs from reaching a steady state include the new COSO internal control framework (see…