SEC Names New Chief Accountant
WASHINGTON (AP) _ The Securities and Exchange Commission on Thursday elevated Edmund Coulson, deputy chief accountant for five years, to chief accountant.
Coulson succeeds A. Clarence Sampson, who has retired.
The post is considered a powerful one in the accounting profession. SEC bulletins set the disclosure standards for all publicly traded corporations.
Rep. John Dingell, D-Mich., chairman of the House Energy and Commerce Committee, had urged in a letter to SEC Chairman David S. Ruder that Frederick Wolf be appointed. Wolf is assistant comptroller general at the General Accounting Office, the congressional watchdog agency.
Coulson has worked for the SEC since 1975. He is a 1970 graduate of the University of Maryland.
″We have selected the individual who combines the highest level of technical expertise in SEC accounting and auditing issues and with long experience at the commission,″ Ruder said in a statement.
″He has been in the forefront of developing an agressive commission posture concerning the responsibility of the accounting profession to ensure the integrity and credibility of the financial disclosure system,″ said Ruder, who said he conducted a nationwide search to fill the chief accountant’s slot before selecting Coulson from within the agency.