Pitt Pushes Ahead On Accounting Panel

July 2002
Financial Executive;Jul/Aug2002, Vol. 18 Issue 5, p9
Academic Journal
The article reports that U.S. Securities and Exchange Commission Chairman Harvey Pitt is recommending the creation of a Public Accountability Board (PAB) to oversee the accounting profession. Pitt comments on implementing a new regulatory system and the outlook for legislation to improve corporate governance. Reforms proposed by Maryland Democratic Senator Paul Sarbanes are being opposed by Senate Republicans, while the House is supporting a bill sponsored by Ohio Republican Representative Michael Oxley. Sandra Kinsey of Hogan & Hartson law firm comments on the PAB approach.


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