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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release October 5, 1998

                PRESIDENT CLINTON NAMES DAVID M. WALKER 
        AS COMPTROLLER GENERAL AT THE GENERAL ACCOUNTING OFFICE

The President today announced his intent to nominate David M. Walker as Comptroller General of the United States at the General Accounting Office (GAO).

Mr. David M. Walker, CPA, of Atlanta, Georgia, has been a Partner and Global Managing Director with Arthur Anderson LLP, since 1989. His responsibilities span the audit/assurance, tax/legal and consulting practices of the firm. He is Managing Director of the Human Capital Services Practice for the U.S./Americas, Global Managing Director for Andersen's Retirement, Actuarial and Benefits Practice and serves on the Board of Arthur Anderson Financial Advisors. From 1990 to 1995, he served as one of two Public Trustees for the Social Security and Medicare Trust Funds. From 1987 to 1989, he was Assistant Secretary of Labor for Pension and Welfare Benefit Programs. He served as head of the Pension Benefit Guaranty Corporation in 1985. Prior to his government service, he held regional operation management positions with Source Services Corporation, an international human resources and consulting search firm, and the accounting firm of Coopers & Lybrand. His initial experience was gained in the audit practices of Coopers & Lybrand and Price Waterhouse & Co.

Mr. Walker received a B.S. degree in accounting from Jacksonville University. He also has an SMG Certificate for the Senior Executives in Government Program from the John F. Kennedy School of Government at Harvard University.

The General Accounting Office is the investigative arm of Congress and is charged with examining all matters relating to the receipt and disbursement of public funds. The GAO was established by the Budget and Accounting Act of 1921 to independently audit government agencies. Over the years, the Congress has expanded GAO's audit authority, added new responsibilities and duties, and strengthened GAO's ability to perform independently. The Comptroller General of the United States serves a term of fifteen years.

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