Former SEC chairmen weigh in on auditing reform
Northwestern Financial Review, Mar 1, 2002
Five former Securities and Exchange Commission chairmen championed several post-Enron reform packages before the Senate Banking Committee. The five chairmen generally called for strengthening audit committees, limiting consulting work by a company's auditors and revamping oversight of the auditing industry.
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They did not support some of the more extreme ideas floated around Washington, such as having the stock exchanges hire auditors or creating a new government body to audit public companies. Senate Banking Committee Chairman Paul Sarbanes (D-Md), said he will consider all the suggestions.
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