As Andersen prepares to fight the Justice Department in court, legislators are busy trying to push through a bill that calls for stringent measures in overhauling the accounting industry.
The bill introduced by Sens. Christoper Dodd, D-Conn., and Jon Corzine, D-N.J., would ban auditors from offering any kind of consulting services to their audit clients - including tax-related services. Tax work could only be performed following approval of the client's internal audit committee.
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