SEC chief accountant bows out

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The US Securities and Exchange Commission announced last week that chief accountant Paul A Beswick will be leaving the regulator to return to the private sector. 

Beswick joined the SEC in 2007 as an advisor to the chief accountant and after stints as deputy and acting chief accountant he took over the top job in 2012. 

Previously a partner with Ernst & Young and a partnership fellow at the US Financial Accounting Standards Board (FASB), Beswick will stay with the SEC for a transitional period to ensure a smooth handover.

The SEC chief accountant is a crucial position, as the incumbent can largely determine the progress of harmonisation between international accounting standards and US GAAP...

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