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To: puborectalis who wrote (20054)	3/30/2004 9:50:37 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

I'll tell you what, I think some of the fraud can be alleviated with clearer financial accounting policy. For example Sonus, this kind of thing happens because there is too much discretion in the rules. What is product vs. service, what needs to be amortized and how to handle returns, this is really tough to figure out and there are no guidelines. When you hire consultants to customize a product is that product or service, stuff like that. I think the money from shareholder settlements could go to a better SEC and a team to devise clearer standards for accounting. The most recent issue with stock options is a classic fraud magnet. Shareholder groups want options expensed but there is nothing concrete on how to do it. Of course companies are going to play with this, its good business to do so. Rules need to be laid down and everyone needs to follow the rules. Then we will have far less fraud. BTW I'm done with politics on this thread, except to say that Al Frankens radio station debuts tomorrow, yay! "The O'Franken factor" now this should be amusing. airamericaradio.com