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To: The Duke of URL© who wrote (168208)	7/14/2002 9:35:58 PM
From: John F. Dowd	Read Replies (2) \| Respond to of 186894

Duke: Well since Duncan and a few others behaved unethically and perhaps criminally we should tar all CPA's with the same brush? I don't think so. Your ranting is so typical of the CNBC BS that seeks redress to boost investor confidence. What a joke the histrionics is what is killing the confidence. Crooks have been at work ever since I can remember but in the days of yore we didn't have all these yuppie whooses that never saw a down turn in the economy. Let the market take care of the dead beats and lets keep the lawyers and their extension the Congress out of the business of business.JFD

To: The Duke of URL© who wrote (168208)	7/14/2002 11:13:19 PM
From: Amy J	Respond to of 186894

Hi Duke, excellent post. I learned something from it. It's a hard topic to fully appreciate but your explanation is clear and educational for me. I think you have an excellent point: --------------------------------------------------- " CERTIFIED PUBLIC ACCOUNTANT is certified BY THE GOVERNMENT to ACCOUNT to the PUBLIC!!!! (However,) When they control the legislative process to get laws passed that protects them from there own intentional misstatements, that is wrong. A firm hired Anderson Consulting to advise them how to structure a deal so the Anderson Accountants would sign off on it....the whole thing is a dance so that Anderson Accounting could PRETEND they did not know. All Harvey Pitt of the SEC, appointed by Bush wants to do, is prevent THE SAME accountants from doing this. (But) It's all right with him if two corporations get together, and Price waterhouse plays anderson consulting in one company and anderson cpa in the other company. A real chairman of the sec who had the investing public in mind would PROHIBIT it entirely and make the CPA liable for there own lies, if they are adjudged to be such, not try to blame the CEO for accounting treatment. It is the company job to make money. It is the accountants job to book it as best they can. To make the CEO state that the accountants and the books are fine served only ONE purpose, and that is to protect the accountants from liability for their complicity. AND IT WILL WRECK THE STOCK MARKET. Don't you see what a trick this is on the American People? ------------------------------------------ Duke, here's McCain's position: " McCain contended Pitt doesn't believe in a separation between consulting for a company and auditing its books. "He still doesn't get it in my view," McCain said. cnn.com I think the media should focus more on those points - because it may not be immediately obvious why there's a need to have CPA's accountable as well. Regards, Amy J