Financial Accounting Blog

Tuesday, November 18, 2003

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Nov. 18, 2003 (Associated Press) — The accounting industry is getting a chance to reform itself, but firms that don't do it willingly will be punished harshly, the head of an independent oversight board says.

This article discusses the type of role the auditors of publicly held companies need to play to increase consumer confidence. It also talks about the oversight committee that was formed and its functions.