PCAOB chairman up for SEC top job

McDonough could replace friend Donaldson after unexpected resignation

The head of the US accounting watchdog could be in line to take over the top job at America's financial regulator after its current chairman unexpectedly stepped down yesterday.

Securities and Exchange Commission chairman William Donaldson is to step down from his role at the end of the month, two years before his term was due to end, to spend more time with his family and to return to a career in the private sector.

See full Article.