Washington, D.C., Dec. 21, 2012 — Securities and Exchange Commission Chairman Elisse Walter today announced the appointment of Paul A. Beswick as the agency's Chief Accountant.

Mr. Beswick has been serving as Acting Chief Accountant for the past several months. "Paul has served the Commission with great distinction and provided wise counsel on difficult accounting questions," said SEC Chairman Elisse Walter. "Investors and the accounting profession will benefit with Paul as the Chief Accountant." The SEC's Office of the Chief Accountant is responsible for establishing and enforcing accounting and auditing policy to enhance the transparency and relevancy of financial reporting, and for improving the professional performance of public company auditors in order to ensure that financial statements used for investment decisions are presented fairly and have credibility.

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