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Webster Resigns as Head of Accounting Oversight Board

William Webster steps down as head of a new accounting oversight board created to regulate the troubled auditing industry. His appointment was mired in controversy after reports that SEC Chairman Harvey Pitt failed to inform commissioners that Webster once served on the board of a company accused of fraud. Pitt has also resigned. Hear NPR's Jim Zarroli.

Copyright 2002 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

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