DES MOINES, Iowa (AP) – State Auditor David Vaudt says he is resigning his elected position to become chairman of a national nonprofit accounting board. Vaudt, a Republican who has served as auditor since January 2003, announced Thursday he would leave the position to become chairman of the Governmental Accounting Standards Board.  His new position will begin July 1.

Gov. Terry Branstad will appoint a replacement, who will serve until Vaudt’s term expires. The next election for auditor will be in November 2014.