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2005-09-23 12:24:39

By Kevin Drawbaugh WASHINGTON (Reuters) - William McDonough will step down as chairman of the Public Company Accounting Oversight Board, the U.S. panel created to clean up the auditing business after a run of corporate scandals said on Friday. McDonough, 71, will resign on November 30, or when his successor is in place, whichever is sooner, it said. Having built the board, known as the PCAOB, from scratch into a working regulator over the past two years, the outspoken and often...

Word of the Day
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'