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May 13, 2003

As reported by the Washington

As reported by the Washington Post, former SEC Chair Harvey Pitt has started a corporate governance/crisis management/regulatory advice consultancy called “Kalorama Partners” – but he will not “appear before the SEC.” See http://www.washingtonpost.com/wp-dyn/articles/A47110-2003May12.html.

The SEC staff has done some housecleaning and issued Staff Accounting Bulletin 103 “Update of Codification of Staff Accounting
Bulletins.” The purpose of this SAB is to comprehensively update the existing SAB codification – as a result, the SEC will now feel sufficient comfort to post the entire SAB codification on its website. See http://www.sec.gov/interps/account/sab103.htm.

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