Scott Taub Selected as Deputy Chief Accountant

FOR IMMEDIATE RELEASE
2002-137

Washington, D.C., September 18, 2002 -- Securities and Exchange Commission Chairman Harvey L. Pitt today announced the selection of Scott A. Taub to serve as a Deputy Chief Accountant for the Commission. In this capacity, Taub will share with Jackson M. Day responsibilities for the day-to-day operations of the Office, including resolution of accounting and auditing practice issues, rulemaking projects, and oversight of private sector standard-setting efforts and regulation of auditors. Taub will begin work at the Commission Sept. 23.

SEC Chief Accountant Robert K. Herdman said: "I am very pleased that Scott is joining the Office of the Chief Accountant. Given his experience as a partner at an accounting firm and his former knowledge of the workings in this Office when he was Professional Accounting Fellow, I believe Scott will provide invaluable service to the Commission and to investors."

Taub was most recently a partner with Andersen's Professional Standards Group in Chicago. Seven of his years at Andersen were spent in its Detroit office where Scott was an experienced manager in the audit practice. Taub served as a professional accounting fellow with the Office of the Chief Accountant from June 1999 through June 2001.

Taub, 34, graduated in 1990 from the University of Michigan in Ann Arbor. He is a member of the American Institute of Certified Public Accountants.