Washington, (Oct. 2, 2002) -- John H. Biggs, one of the favorites to become head of the Public Company Accounting Oversight Board, has agreed to take the job, The New York Times reported.

After former Federal Reserve chairman Paul Volcker declined the post, Biggs, 66, chairman and chief executive at financial services and educational employees pension conglomerate TIAA-CREF, was thought to be next in line to be offered the job.

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