This blog has moved to:

« And Our IFRS Survey Says… | Main | To Head in the Right Direction on IFRS, the SEC Should Make a U-Turn »

November 16, 2009


Independent Accountant

I couldn't disagree more. We need to repeal the 1995 Litigation Reform Act and the Stonerridge decision and let the plaintiffs' bar sue away. Why not have mandatory rotation for GE, IBM, Goldman, Fannie, Freddie, etc.? Real rotation, not one Big 87654 to another. There was nothing "missing in the securities laws for providing reasonable assurance that management of public companies ... are taking their financial reporting responsibilities seriously enough', except a lack of enforcement.

The comments to this entry are closed.

This blog has moved to: