Webster quits as accounts watchdog

US - William Webster on Tuesday quit as head of the US's new accountancy regulator, a casualty of a debacle that has already forced out Harvey Pitt, chairman of the Securities and Exchange Commission.

Mr Webster, the former head of the FBI and CIA, who was supposed to restore integrity to the work of the audit profession and faith in financial statements, was appointed a little over two weeks ago by the SEC, the US's chief financial regulator, the Financial Times reported.

His appointment was

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