So, what have you done for me lately? Washington (notably Congress) has set up new requirements for corporate CEOs as well as corporate boards. We've seen that with the Sarbanes-OxleyAct. The same people have also created the Public Company Accounting Oversight Board, which imposes certain obligations on auditors. But, nowhere do we pick up any other regulations for increasing auditor ethics--at least, until we head west to California which has enacted a plethora of strict accounting reforms.
Now, before you get in an uproar about my not talking about stocks, bonds, financial services, financial planning, and the like, and leaving the accounting scandals and SEC business to my knowledgeable colleagues, let's consider this piece of information a little more carefully.
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