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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (144954)1/20/2002 9:24:35 PM
From: Giordano Bruno  Read Replies (1) of 436258
 
...The profession's growing influence is perhaps most apparent at the S.E.C. Last month, President Bush said he would nominate partners from two of the Big Five accounting firms, PricewaterhouseCoopers and Ernst & Young, to two vacancies on the five-member commission.

Joel Seligman, who wrote a history of the S.E.C., said he could not recall a partner at a leading accounting firm ever being a commissioner. Moreover, the commission's current chairman, Harvey L. Pitt, a securities lawyer, once represented all five major accounting firms as well as the American Institute of Certified Public Accountants before he took over at the S.E.C. last summer.

nytimes.com
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