New York (Feb. 27, 2004) -- Public Company Accounting Oversight Board member Daniel L. Goelzer took exception to the views of critics who contend that his organization should be renamed to more accurately reflect its mission.

In an address to attorneys at yesterday’s Glasser LegalWorks’ conference on Internal Control over Financial Reporting, Goelzer noted that some have argued that the word “accounting” should be dropped from the PCAOB’s name because the board’s jurisdiction is over “auditing, not over accounting principles.”

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