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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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The SEC's New Chief Accountant
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 7/24/2006 5:34 AM
On Friday, the Wall Street Journal reported that SEC Chairman Christopher Cox is expected to name Conrad Hewitt as the new chief accountant.

According to the article, he's a a CPA who served as commissioner of California's department of financial institutions and superintendent of banking for the state - after a 33-year career with Ernst & Young. Currently, he serves as a director (and chairman of the audit committee) for both North Bay Bancorp and Varian, Inc.

An interesting choice on the part of Chairman Cox: Mr. Hewitt has been retired since 1995, so he certainly isn't taking the job as a resume-builder. And it's an interesting choice on the part of Mr. Hewitt, too: if you've been retired for 11 years, you'd have to be pretty bored to take on a job where one of the first things you'll have to take on is the bucking bronco called "options backdating."

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On Monday, Hewitt's appointment was announced by the SEC. Press release here. Let's wish him well.
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