William J. McDonough, chairman of the Public Company Accounting Oversight Board, announced that he will resign on Nov. 30 or when his successor is put in place, whichever occurs sooner.

In a statement, McDonough, 71, said that his health is fine and he does not intend on retiring. "I have a wide range of interests in corporate governance, finance and international affairs, and will explore one or a variety of activities in those fields," McDonough said.

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