William J. McDonough, who in two years as chair of the Public Company Accounting Oversight Board helped guide the audit overseer from shaky beginnings to a powerful regulatory entity with eight offices and over 400 employees, will step down from his post effective Nov. 30."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, 71, said.

The five-member Securities and Exchange Commission will appoint a successor.

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