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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%Nov 24 3:59 PM EST
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To: The Duke of URL© who wrote (167248)7/2/2002 2:23:57 AM
From: Amy J  Read Replies (1) of 186894
 
Hi Duke of URL, RE: "Harvey Pitt, the head of the SEC and ex chief counsel for the American Institute of Certified Public Accountants is a worse threat than Ken Lay.
What he wants is for the President of the company to certify that the accounting is good. This gets the accountants off the hook. The job of the company is to prepare the books, the job of the accountant is to certify that they are true and correct by tests. This new requirement is misleading and counter productive and intellectually dishonest......But it does divert attention from the accountants"
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Aren't accounting firms liable for significant errors that are determined to be fraudulent?

Regards,
Amy J
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