SEC Names Acting Chief Accountant

Securities and Exchange Commission Chairman Christopher Cox named Scott Taub as the agency's acting chief accountant.

Taub has served as the SEC's deputy chief accountant since September 2002, and is the longest serving of the three deputy chief accountants. Prior to joining the SEC, he was a partner in the professional standards group of Arthur Andersen in Chicago. He also served as a professional accounting fellow with the SEC's Office of Chief Accountant from June 1999 through June 2001.Taub was deputy to Donald Nicolaisen, who presided over the implementation of the Sarbanes-Oxley Act and stepped down in November to pursue opportunities in the private sector. Taub's responsibilities have included the day-to-day operations of the office, including resolution of accounting and auditing practice issues, rulemaking projects, and oversight of private sector standard-setting efforts and regulation of auditors . He has also contributed to a number of accounting initiatives, including the release of a report on off-balance-sheet accounting.

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