Washington (Nov. 14, 2002) -- William Webster, who resigned Nov. 12 as chairman of the Public Company Accounting Oversight Board, said he expects one of the remaining board members to be named interim chair of the group charged with accounting reform.

The PCOAB, mandated by Sarbanes-Oxley, legislation met for the first time Wednesday at a private law firm, here.

Webster was appointed by the Securities and Exchange Commission three weeks ago to head the oversight board by a slim 3-2 vote. He resigned when controversy surfaced around the fact that he had headed an audit committee of an Internet company that was under investigation for fraud.

-- Electronic Accountant Newswire staff

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