PCAOB, SEC name Acting Chairs; SEC departures.The SEC on November 14 designated Scott Taub to serve as Acting Chief Accountant. Taub had served as the commission's Deputy Chief Accountant since September 2002. In a second announcement, on December 2, the SEC named Bill Gradison Willis David "Bill" Gradison Jr. (born December 28 1928) is an American politician, who served for almost two decades in the U.S. House of Representatives. Gradison, a Republican, was born in Cincinnati, Ohio and received a bachelor of arts degree from Yale University in Acting Chairman of the Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. (PCAOB PCAOB Public Company Accounting Oversight Board ). Gradison has been a board member for three years. In a press announcement, he noted that from his own experience in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. field, he knew of the importance of protecting investors by assuring that financial reporting is accurate and reliable. Further, he believes "the need for the PCAOB has never been clearer than it is today. While progress is being made, there continue to be fresh disclosures of questionable accounting by public companies or problems with the audits of public companies--or both." He said he intends to build on the strong foundation already put in place by former Chairman William McDonough
William A. McDonough (b. 1951, Tokyo, Japan) is an American architect and founding principal of William McDonough + Partners, whose career is focused on and by board members Dan Goelzer, Kayla Gillian and Charley Niemeier, "and by fully utilizing my other superb PCAOB colleagues. I look forward to the work ahead." Separately, the SEC announced on November 30 that General Counsel Giovanni Prezioso Giovanni Prezioso became General Counsel of the US Securities and Exchange Commission in April 2002. He served in that post under three different chairmen, Harvey Pitt, William Donaldson, and Chris Cox. In early 2006, Mr. would leave the agency in early January to return to the private sector. Following that, on December 6, Deputy General Counsel and Acting Director of the Division of Investment Management Meyer Eisenberg also announced his retirement from the commission in January. This announcement creates an additional senior-level vacancy among the agency staff. The Division of Market Regulation has lacked a permanent director since August, when former director Annette Nazareth became a member of the commission; Deputy Director Robert Colby is currently heading the division. There was much speculation, but no announcement by press time, about Prezioso's successor. |
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