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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (5255)	12/12/2001 3:20:57 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Not a bad missive by the SEC chairman. I definitely agree with his thinking that audit committees members need to be proactive and also need to work more closely with senior management and outside auditors. More meaningful investor protection by audit committees. Audit committees must be proactive, not merely reactive, to ensure the quality and integrity of corporate financial reports. Especially critical is the need to improve interaction between audit committee members and senior management and outside auditors. Audit committees must understand why critical accounting principles were chosen, how they were applied, and have a basis for believing the end result fairly presents their company's actual status.