New York (July 23, 2003) -- Intuit chief executive Scott Cook told reporters Tuesday that his company has underestimated the power of accountants and paid short shrift to their concerns in the past – but promised that such neglect is over.

“I’d like to offer a big mea culpa,” Cook told a group of accounting industry reporters during the New York CPA Society Business & Technology show. “We have not sufficiently focused on the needs of accountants and have not listened to them like we should have.”

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