Washington (Sept. 16, 2003) -- While Sarbanes-Oxley doesn't expressly forbid accounting firms from offering tax shelter advice to the public companies they audit, a member of the new accounting oversight board indicated Monday that the board one day might.

In a speech to the Investment Company Institute, the trade association for the mutual fund industry, Board member Daniel L. Goelzer sought to clarify some of the gray areas of Sarbanes-Oxley, especially when it comes to tax services.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access