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Webster Resigns as Head of Accounting Oversight Board

William Webster steps down as head of a new accounting oversight board created to regulate the troubled auditing industry. His appointment was mired in controversy after reports that SEC Chairman Harvey Pitt failed to inform commissioners that Webster once served on the board of a company accused of fraud. Pitt has also resigned. Hear NPR's Jim Zarroli.

Copyright 2002 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.