PCAOB Board Statements on the Appointment of Steven B. Harris

Washington, D.C., Jun. 4, 2008

Chairman Mark W. Olson Statement

"I am pleased by the SEC’s appointment of Steve Harris as a new PCAOB board member. As the former staff director and chief counsel to the Senate Banking, Housing and Urban Affairs Committee under Senator Paul Sarbanes, Steve helped shape the content and facilitate passage of the Sarbanes-Oxley Act of 2002, and he has a clear understanding of the intent of Congress. More broadly, Steve has been a key participant in the development of financial regulatory public policy over the past 20 years. He will be a valuable member of our Board, and I look forward to welcoming Steve to the PCAOB."

Board Member Charles Niemeier Statement

"I am very pleased that Steve Harris will be joining the board. I cannot think of a person better qualified than Steve Harris to be a PCAOB board member, and to ensure that the focus of the organization remain on protection of investors."

Board Member Bill Gradison Statement

"Steve is a perfect choice for the PCAOB Board. He brings institutional memory second to none as a result of the major role he played in crafting Sarbanes-Oxley. On a personal level, during the years Steve was on Senator Sarbanes' staff, I found him knowledgeable, fair-minded, and focused on protecting investors -- which is of course the principal objective of Sarbanes-Oxley."

Board Member Daniel L. Goelzer Statement

"I am delighted that Steve Harris will be joining the PCAOB. His key role in developing the Sarbanes-Oxley Act, which established the Board and guides its programs, will be a tremendous asset in furthering our mission to protect investors. He has unique insight into our mission and will be a terrific addition to the Board."