As overseer of a publication that has had a ringside seat at many of the monstrous accounting scandals of the past two years, I have no doubt that the Public Company Accounting Oversight Board is headed in the right direction.

Many of its crucial staff posts, such as chief auditor, were filled by folks with excellent credentials such as Douglas Carmichael, and it boasts other solid members like Charley Niemeier and Kayla Gillan.

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