Wayne Carnall Named Chief Accountant in Division of Corporation Finance


Washington, D.C., Nov. 20, 2007 - The Securities and Exchange Commission announced today that Wayne Carnall has been named Chief Accountant of the agency's Division of Corporation Finance. Mr. Carnall will be the principal advisor to John White, Director of the Division, on accounting and auditing matters.

"I am extremely pleased that Wayne will rejoin the SEC as Chief Accountant in the Division of Corporation Finance," Mr. White said. "His unique mix of experiences will serve us well as we address the many important financial reporting issues before the Commission. Wayne will be a superb resource for the Division's disclosure program through which the staff reviews the SEC filings of more than 10,000 public companies. I am delighted to welcome Wayne to the Division's senior leadership team."

Mr. Carnall said, "It is a great honor to be appointed Chief Accountant. There are a number of critically important issues that are being addressed to improve financial reporting. I look forward to returning to the staff and working with John, the dedicated and talented accounting staff in the Division, and others in the agency to address these matters."

Mr. Carnall has been a partner at PricewaterhouseCoopers since 1997. As a member of the National Professional Services Group, he worked with a number of large international clients and developed firm SEC reporting policies and practices for foreign private issuers. From 1991 to 1997, Mr. Carnall served in a number of positions of increasing responsibility in the Division of Corporation Finance including Associate Director for Accounting Operations. Prior to joining the staff of the SEC in 1991, he was a staff member with PricewaterhouseCoopers.

Mr. Carnall earned his B.S. in Accounting from Alfred University in 1981 and has been a certified public accountant since 1983.

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