New York (May 27, 2003) -- Incoming New York State CPA Society president Jeffrey Hoops says the state is all for accounting reform at the state level - just not the kind of “cascade”- like bills that seek to make Sarbanes-Oxley provisions apply to private firms.

Hoops, an Ernst & Young veteran who was formally installed as society president this month, said society leaders successfully stopped state lawmakers from enacting any accounting-related legislation last year before Sarbanes-Oxley became law, but plan to actively advocate this year for reforms that won’t hurt consumers – or the profession.

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