QUOTE:  June 21, 2002    "The independent PAB envisioned by this proposal allows for a broader enforcement capability, beyond fraud and illegality; for the first time it would put in place a private sector system powerfully able to address accountants' ethical lapses or competence deficiencies."  -SEC Chairman Harvey Pitt, during a speech detailing his proposal for a new Public Accountability Board to oversee the accounting profession.   

 

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