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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
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'