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SEC Names New Accounting Oversight Chair

Law360 (June 20, 2006, 12:00 AM EDT) -- As small companies continue to decry the stiff requirements of the Sarbanes-Oxley Act, the U.S. Securities & Exchange Commission has appointed a former governor of the Federal Reserve to serve as the new leader of the Public Company Accounting Oversight Board.

The SEC announced Mark Olson’s appointment as chairman of the PCAOB earlier this week, praising his “sound judgment and excellent leadership ability.”

"Mark Olson's experience as a central banker, his background in securities law, his expertise gained as partner in a major accounting firm, his...
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