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AICPA Opposes Expansion of Fiduciary Definition to Include ESOP Appraisers

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The American Institute of CPAs has written a letter to members of Congress to support legislation that would block the U.S. Department of Labor’s 2010 proposal to change its definition of fiduciary under the Employee Retirement Income Security Act of 1974 to include appraisers of employee stock ownership plans.

Barry Melancon

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