New York (Nov. 19, 2003) -- William McDonough, Chairman of the Public Company Accounting Oversight Board, said the slew of billion-dollar examples of corporate fraud such as Enron and WorldCom and HealthSouth, left the American people angry at unchecked corporate malfeasance and, as a result, that backlash ushered in reform.

“The American people looked at the wreckage of our vaunted private sector, and they got angry,” McDonough told several hundred financial officers and directors attending a Financial Executives International confab, here.

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