Washington (July 17, 2003) -- It's official -- U.S. accounting firms must register with the Public Company Accounting Oversight Board by October 22, or they will be barred from auditing public companies.

The Securities and Exchange Commission approved the oversight board's proposed registration rules on Wednesday, despite grumbling from the American Institute of CPAs and the six largest accounting firms about the amount of information they'd need to give the PCAOB, and other issues about confidentiality and fee disclosure.

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