Casting a stone. (Reverse Spin).

Investment News, March, 2002 by O'Brien, Sarah

* The influential Financial Executives International in Morristown, N.J., is calling for ways to improve corporate accounting and auditing. At a House Financial Services Committee hearing last Wednesday, Philip Livingston, president and CEO of the organization for CFO-types, offered a variety of recommendations, ranging from improving auditor oversight to streamlining the Financial Accounting Standards Board in Norwalk, Conn.

"Unusable accounting standards and dysfunctional financial statements result from processes and regulatory environments unable to recognize the real problems," Mr. Livingston said in prepared testimony. Of course, his organization often stands in the way of the accounting standards board's efforts to improve corporate...

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