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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (52302)	5/4/2001 1:02:19 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 77400

A Report Card on the Regulators How the SEC is doing on implementing plans to reduce accounting hocus-pocus PLAN RESULT GRADE ACCOUNTING ASSUMPTIONS Rule proposed in Jan. 2000; D Any changes must be still pending disclosed in detail. RULES AICPA will issue R&D and C Accounting bodies to clarify write-offs guide by yearend; R&D rules and issue new ones for FASB rules for restructuring restructurings, write-offs in large by third quarter. No timetable acquisitions, and revenue for FASB action on complete recognition. revenue-recognition rules. REVENUE RECOGNITION Accounting bulletin issued B Issue new guidelines. in December, 1999. Revision expected. MATERIAL FACTS Issued August, 1999. A Issue guidelines to compel correction of deliberate factual misstatements claimed to be insignificant. LIABILITIES First of two reports may C FASB to issue better definition. appear by fall. ENFORCEMENT Financial fraud task force A SEC to beef up. set up June, 2000. AUDIT COMMITTEES SEC issued new rules in A Strengthen role of such December, 1999. committees of corporate boards. Data: Securities & Exchange Commission, BusinessWeek Used with permission of Businessweek.com