Redwood City, Calif. (July 21, 2004) -- The new chair of the California Society of CPAs plans to focus his term on restoring and enhancing the public's trust in financial reporting and in CPAs through improvements in corporate governance and financial reporting.

Specifically, CalCPA chair D. Paul Regan will call for new standards requiring the primary or principal preparers of a public company's financial reports to be a CPA with an active license.

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