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| | etc. (Site not responding. Last check: 2007-11-05) |
 | | Yesterday the agency approved a newer, softer version of the Sarbanes-Oxley accounting rules passed last summer, and, not surprisingly, the industry's fingerprints were all over it. |
 | | For example, while the commissioners affirmed a provision in the original bill forcing auditors to give up their information-technology and human-resources consulting work (side projects anyway), they voted unanimously to allow auditors to keep their lucrative tax-advisory services (i.e., how to set up tax shelters)--the deal Big Accounting had been gunning for all along. |
 | | Yet even as the SEC's commissioners were essentially gutting Sarbanes-Oxley, its enforcement division was providing the latest evidence that tough accounting reform is exactly what the country still needs. |
| www.tnr.com /etc.mhtml?pid=192 (345 words) |
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