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.
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