Washington (Dec. 20, 2002) -- Infighting and poor communication at the Securities and Exchange Commission led to confusion in the process of selecting a leader for the new accounting oversight board, according to a report by the General Accounting Office, a copy of which was obtained by the Wall Street Journal.

When SEC Chairman Harvey Pitt and his chief accountant Robert Herdman quit last month during a controversy over appointing former FBI and CIA director William Webster to chair the new board, Congressional Democrats requested a study to find out what went wrong.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access