Your May 19-June 1, 2008, issue raised several interesting points.Your editorial regarding the glacial pace of government reform; the IRS facing thinning ranks; and Edwin Kliegman’s report on how the Treasury Committee’s report on the auditing profession should be a must-read, somehow touch on one, and only one, problem, and that is legalized accounting. Before matters become even worse, our government must reform and create laws pertaining to accounting and auditing.
The time has come to liquidate the Securities and Exchange Commission, the Commodities Futures Trading Commission, the Financial Accounting Standards Board, the American Institute
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