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PCAOB Chairman Mark W. Olson Statement on the Appointment of Steven Harris

Washington, DC, June 4, 2008 – PCAOB Chairman Mark W. Olson released the following statement today:

"I am pleased by the SEC’s appointment of Steve Harris as a new PCAOB board member. As the former staff director and chief counsel to the Senate Banking, Housing and Urban Affairs Committee under Senator Paul Sarbanes, Steve helped shape the content and facilitate passage of the Sarbanes-Oxley Act of 2002, and he has a clear understanding of the intent of Congress. More broadly, Steve has been a key participant in the development of financial regulatory public policy over the past 20 years. He will be a valuable member of our Board, and I look forward to welcoming Steve to the PCAOB."

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The PCAOB is a private-sector, nonprofit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.