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To: Jim Willie CB who wrote (45104)	12/13/2001 10:18:28 AM
From: Sully-	Read Replies (2) of 65232

Jim, Audit firms have an explicit responsibility to either report possible illegal acts (in the audit report) like those discovered at Enron or they must cease their audit & walk away while informing senior management of the disclosure. No doubt they will likely get away with this breach of fiduciary responsibility. Accenture will no doubt obfuscate the issue, but they are required to take specific steps when potential illegal acts are disclosed........ particularly anything that could have a material impact on the financial statement. IMO, wrong is wrong is wrong. Until we hold accounting firms responsible & force them to genuinely act as an independent audit firm, there will continue to be more Enorn's.

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