California officials are starting to consider making changes to accounting reforms the state adopted in the wake of Enron Corp.'s collapse.
The state's Board of Accountancy, which licenses CPAs and accounting firms, is considering making changes to the audit documentation process, according to an article in the Los Angeles Times. The newspaper said that the board is pushing a bill in the state legislature that could open the door for out-of-state accountants to offer tax shelters and practice in California without the oversight now required.
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