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| | NewsLine: Trickle Down Effect of SEC Proposals Worries CPA Firm Group (Site not responding. Last check: 2007-10-18) |
 | | GREAT NECK, Oct. 24, 2000 (SmartPros) While in favor of tightening the rules that govern auditor independence, an association of some 1,200 CPA firms says it has some concerns over the impact of the current Securities and Exchange Commission proposals on small accounting firms. |
 | | Goldfarb said the group is worried about the trickle down effect of the proposed rules, which would ban firms from providing consulting services for audit clients, from SEC registrants to smaller CPA firms. |
 | | Still, Kliegman said it's time for the SEC to put some teeth into the independence rules, and criticized the AICPA, which has been among the loudest voices in opposition to the rules, for looking out for the interests of large firms. |
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