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William McDonough selected to chair the PCAOB

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16 Apr 2003

The US Securities and Exchange Commission has unanimously selected William J.

McDonough as its nominee to be the new Chairperson of the five-member Public Company Accounting Oversight Board (PCAOB) established pursuant to the Sarbanes-Oxley Act of 2002. Mr. McDonough is President of the New York Federal Reserve Bank. His background is in banking and government. The Commission made this selection after consultation with the Federal Reserve Chairman and the Secretary of the Treasury. Click for SEC Press Release. Background on PCAOB. Link to PCAOB Website.

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