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William Webster narrowly became the Securities and Exchange Commission's choice to lead its new accounting oversight panel, which will set standards for auditors and ensure accountants obey federal securities law and investigate violations. The commission was split 3-2 in Friday's vote to appoint Webster. SEC Chairman Harvey Pitt and Republican commissioners backed him, while the panel's two Democrats opposed him.
October 29, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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