E&Y auditor joins US watchdog

Laura Phillips, a former auditor at Ernst & Young, has been appointed to
the position of deputy chief auditor at the US accounting watchdog, the Public
Company Accounting Oversight Board.

Phillips joins alongside Jennifer Rand who has also been hired as deputy
chief auditor and they will both report to Tom Ray, the PCAOB’s chief auditor
and director of professional standards.

Phillips, 36, joined the PCAOB staff in July 2003 and was named associate
chief auditor in February 2004.

She played a substantial role in developing PCAOB Auditing Standard No. 2,
which implements the internal control audit requirement established by the
Sarbanes-Oxley Act.

Rand previously worked for the American Institute of Certified Public

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