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Thursday, Jan 17, 2002

auditory nerve

"I know how tough a task this is. When I was chairman of the Securities and Exchange Commission, we put into place a number of reforms to improve audits and minimize conflicts of interest. But we were largely unsuccessful in persuading accounting firms to separate their auditing businesses from their consulting businesses and in convincing the auditing profession to do a better job of policing itself. Congress and federal regulators should use this scandal to demand some long overdue changes."