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


To: Raymond Duray who wrote (1791)7/10/2002 8:04:15 PM
From: abuelita  Read Replies (1) | Respond to of 89467
 
yes, i saw that.

don't know about you guys, but all
this makes clinton's escapades seem
rather mundane.

actually, that's what sex is comparatively
speaking

hoser



To: Raymond Duray who wrote (1791)7/10/2002 8:06:51 PM
From: stockman_scott  Respond to of 89467
 
Former SEC official launches RestoreTheTrust.com

By United Press International.
July 08, 2002

Almost a week before the Senate is scheduled to debate accounting reform legislation introduced by Sen. Paul Sarbanes, D-Md., a former Securities and Exchange Commission official has launched a new Web site for investors to express support for accounting reform.

Nancy M. Smith said RestoreTheTrust.com enables investors to e-mail their senators urging them to vote for reform legislation.

Widespread accounting scandals, of which WorldCom Inc. is the most recent, have caused massive and unexpected investor losses.

"If you are fed up with companies cooking the books, go to RestoreTheTrust.com and tell your senators to support the Sarbanes bill," said Smith.

The measure creates a regulatory system to oversee the auditing of public companies' books, and ends the current system that allows accountants to regulate themselves. It also prohibits accountants from auditing books and providing many lucrative consulting services for the same company.