SEC seeks candidates for accounting fellowship.

The Securities and Exchange Commission is accepting applications for three professional accounting fellow positions in the Of Office of the Chief Accountant. The fellows will be appointed for two-year terms beginning June 1996.

The fellows will work directly with the chief accountant and will participate in the study and development of rule proposals under federal securities laws, serve as liaisons with professional accounting standard-setting bodies and consult with registrants on accounting and reporting matters.

Applicants must have a minimum of eight years, experience in public accounting or its equivalent, with at least two years as a manager. They should be thoroughly familiar with technical accounting and auditing literature as well as with current issues confronting the profession. At least one of the fellows should have experience in financial instruments accounting and in financial institutions other than banks, such as the insurance industry. In addition, familiarity with accounting for business combinations, leases and real estate enhances an applicant's qualifications.

Applicants are required to submit background information and an 8- to 10-page essay on a current accounting or auditing issue that involves the SEC. They must complete a Standard Form 171, "Personnel Qualification Statement," submit a brief resume and include two letters of recommendation from nonrelatives. Applications must be submitted by December 31. Application procedures are available from the Of Office of the Chief Accountant, SEC, Mail Stop 11-3, 450 Fifth Street, N.W., Washington, D.C. 20549. Address inquiries to Russell B. Mallett III at the Office of the Chief Accountant.