Washington (Oct. 8, 2003) -- The Public Company Accounting Oversight Board has appointed staff members Esslie W. Hughes and Paul E. Bijou to lead its New York City office.

The New York office, which opened Sept. 8, will serve as a base for the inspections of registered accounting firms. Members of the PCAOB's Office of Registration and Inspection are currently conducting limited inspections of the four largest accounting firms. Beginning in 2004, firms with more than 100 public company audit clients will be inspected annually, and all other firms will be inspected once every three years.

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