The U.S. Securities and Exchange Commission named former Andersen partner Scott A. Taub to serve as Deputy Chief Accountant for the Commission.
In his new position, Mr. Taub will share with Jackson M. Day responsibilities for the day-to-day operations of the Office of the Chief Accountant, including resolution of accounting and auditing practice issues, rulemaking projects and oversight of private sector standard-setting efforts, and regulation of auditors.
Mr. Taub joins the SEC at a difficult time as the Commission is called upon to implement new legislation that involves formation of a new regulatory body for the profession and completion of a number of challenging studies, some of which will likely be undertaken in whole or in part by the Chief Accountant's Office. Fortunately, he is no stranger to the Commission and its role of public watchdog. He served as a professional accounting fellow from 1999 to 2001 and was a frequent and popular speaker at meetings of professional associations.
Prior to rejoining the SEC as Deputy Chief Accountant, Mr. Taub was a partner with Andersen's Profession Standards Group in Chicago. He also served as an audit manager for the firm's Detroit office.
SEC Chief Accountant Robert K. Herdman welcomed the former Andersen partner to the Commission, saying he is confident Mr. Taub will "provide invaluable service to the Commission and to investors."