In the days and weeks following Enron and Andersens' dual falls from grace, regulators, lawmakers and editorial page editors sparked a groundswell of support for the first real accounting reform in many decades.
Securities and Exchange Commission Chairman Harvey Pitt announced plans to create a new oversight board to watch the accountants, legislators sent their staff scurrying to draft new laws to once and for all end the conflict of auditing and consulting for the same client; and newspapers around the globe agreed – it’s time, way past time, for real change.
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