Washington (March 4, 2003) -- Consumer activist Ralph Nader has joined forces with a group of accountancy educators to form a new public interest accounting group that will be pushing for the abolition of the FASB and direct federal standards setting for the industry.

The new Association for Integrity in Accounting – launched with the assistance of Nader’s Citizen Works advocacy organization – will serve as a "public interest voice to restore integrity to the accounting profession," and "to make sure we can all benefit from their work" without interference from powerful and demanding corporate clients, Nader said during a briefing to outline the group’s goals.

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