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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (1776)	7/10/2002 10:54:26 PM
From: Jim Willie CB	Respond to of 89467

I see a new Stock-related Dept of Homeland Security coming throw $100M per year at the corporate financial oversight it wont work, because they will become burokrats Harvey Pitt is a burokrat, heading the SEC imagine an SEC with 10 Pitts running into each other that is what is coming, another ineffective burokracy they would expose some fraudulent accounting, perhaps heck, SEC exposed Xerox name one other over the past three years!!! instead, what we need if reformed accounting audits the companies pay for it but no auditor can continue beyond three years then the responsibility rotates to another acctg firm maybe some small review audit board externally, unsure and the top accounting firms would be forcibly broken up in order to ensure that sufficient competition exists auditors sign off on submitted SEC filings both auditors and CEO/CFO/ChairmanBoard are liable for accuracy and integrity / jim