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PCAOB Board Member Bill Gradison Statement on the Appointment of Steven Harris

Washington, DC, June 4, 2008 – PCAOB Board member Bill Gradison released the following statement today:

"Steve is a perfect choice for the PCAOB Board. He brings institutional memory second to none as a result of the major role he played in crafting Sarbanes-Oxley. On a personal level, during the years Steve was on Senator Sarbanes' staff, I found him knowledgeable, fair-minded, and focused on protecting investors -- which is of course the principal objective of Sarbanes-Oxley."

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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.