Securities and Exchange Commission Chief Accountant Conrad Hewitt announced that he will leave the regulator as the Obama administration takes over. Also leaving will be John White, the director of the Division of Corporate Finance.SEC Chairman Christopher Cox had said previously that he will leave upon the change in administration.

Hewitt served at the SEC for two-and-a-half years and has been closely involved in efforts to set up a roadmap for the transition to International Financial Reporting Standards. When he joined the agency, succeeding Don Nicolaisen, he led efforts to issue guidance to ease the implementation of the Sarbanes-Oxley Act, including improving the auditor requirements.

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