Sagar S. Teotia is currently the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the U.S. Securities and Exchange Commission (SEC). In this role, Mr. Teotia leads the activities of the office’s accounting group which includes consulting with public companies and divisions and offices within the SEC on the application of accounting standards and financial disclosure requirements. Mr. Teotia also serves as an advisor to the Commission on accounting matters while also working closely with private sector bodies such as the Financial Accounting Standards Board (FASB).
Prior to Mr. Teotia joining as Deputy Chief Accountant of the SEC, Mr. Teotia was a Partner at Deloitte in the National Office Accounting Consultation group (Accounting Consultation) in Chicago. In his role in Accounting Consultation, he frequently consulted on accounting and reporting issues including matters related to financial instruments, business combinations, and compensation (stock based and pension).
Prior to joining Deloitte’s National Office in Chicago, Mr. Teotia was a professional accounting fellow (PAF) in OCA at the SEC. Mr. Teotia’s responsibilities as a PAF included providing accounting conclusions on complicated technical accounting issues to SEC Registrants, actively monitoring and providing oversight comments to the FASB on current standard setting projects, and working on several special projects within OCA.
Mr. Teotia received an accounting degree from the University of Illinois at Urbana-Champaign. He is licensed to practice as a certified public accountant in Illinois.