CPAs in Congress came to the rescue of their profession with the passage of a bill that eliminated the need to send privacy notices to clients."The Financial Services Relief Act of 2006 is a common-sense bill that will give CPAs more time to serve their clients," said Rep. Colin C. Peterson, D-Minn. "As a CPA myself, I can tell you that it's more important to spend time working with clients than it is to be filling out redundant paperwork."

Though at press time President George W. Bush had not yet signed the bill, American Institute of CPAs president and chief executive officer Barry Melancon said in early October that CPAs who were preparing privacy notices could stop, and that their time would be better spent serving their clients.

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