Scott Taub, the longest serving of the Securities and Exchange Commission’s deputy chief accountants, will leave the commission later this year.Taub, 38, had served as acting chief accountant for nine months beginning in late 2005 until Conrad Hewitt started in the position in mid-August. Prior to serving as a deputy, Taub spent most of career with Arthur Andersen and as a professional accounting fellow in the Office of the Chief Accountant between 1999 and 2001. He returned to the office in September 2002.
A release from the commission praised Taub for playing a key role in the implementation of the Sarbanes-Oxley Act’s accounting reforms and noted that he was responsible for the day-to-day operations of the Office of the Chief Accountant, including resolution of accounting and auditing practice issues, rulemaking, oversight of private sector standard-setting efforts and regulation of auditors.
The SEC statement did not provide a set last day for Taub, and said that while Taub has yet to determine exactly where he will continue his career, he plans to continue working to improve financial reporting.
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