Washington (July 16, 2004) — The right of accounting firms to offer tax services to their audit clients – an issue that Congress effectively ducked in drafting the Sarbanes-Oxley Act – is back under active debate in Washington by rulemakers at the Public Company Accounting Oversight Board.

The PCAOB reopened that can of worms during a day-long “roundtable” discussion with representatives from over two dozen major accounting firms, government regulatory agencies, public interest organizations and investor groups concerned about the independence of auditors who provide tax and other non-audit services to their audit clients.

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