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The Securities and Exchange Commission on Thursday voted to consider a proposal to create a Public Accountability Board that would mark the end of self-regulation in the accounting industry. The PAB would be a private sector-led but SEC-supervised entity. "Our proposal will help restore investor faith by ensuring strong and effective regulation of the accounting profession," said SEC Chairman Harvey Pitt.
June 24, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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