In order to help ordsprog

In order to help restore integrity to our accounting system and confidence to investors, we urge Congress to swiftly pass the Public Company Accounting Reform and Investor Protection Act of 2002, sponsored by Sen. Paul Sarbanes, D-Md., without weakening amendments, ... In addition, we propose that quarterly financial statements be formally reviewed by auditors, who are, as a rule, already involved in the process of producing them.

We believe that the accounting seems to proper and the company reports that it has been reviewed and approved by its auditors.

Steven Milunovich

[The Financial Accounting Standards Board—the group that sets American accounting standards—has voted to examine stock options as it grapples with pressure from investors to reform option accounting.] This is monumental, ... This sets in motion the move to expense stock options. A while back this would have been a death wish on the part of the FASB but now the environment has changed.

a real burden on a small company that's going public. The accounting expenses engendered by Sarbanes-Oxley are...just tremendous.

If a government chooses to implement public sector accounting standards, in almost all cases it will imply a significant increase in accounting effort, and the reason for that is quite simple: because most governments account extremely badly for all of their financial transactions. Implementing the set of standards generally, and this one in particular, would mean that governments would have to improve their accounting systems.

The secretary has been intimately involved in everything we've been doing. To her credit ... one of the first things she did was to establish an office of historical accounting ... to do what the court had ordered and to start the accounting process.

Many core MBA accounting courses more vigorously attack issues of ethical dilemmas and awareness in accounting. And many courses help users of financial information unearth inconsistencies and potential accounting red flags.

Since the provisions of Medicare Part D became effective on January 1, 2006, a number of questions have arisen regarding the proper accounting for these transactions. Through this proposed Technical Bulletin, we are providing guidance on how best to apply existing accounting standards and to report these new federal payments in state and local government financial statements.

The first and most important line of defense for investors is manned by the nation's auditing firms, ... Unfortunately, the accounting industry has overwhelmingly failed in its responsibility to deliver independent oversight to corporate financial statements.

Accounting software is the first strategic business application that many small firms purchase, making it an important on-ramp for other business applications, which need to integrate with the accounting solution, and a first step towards higher end financial solutions. Intuit has long been the undisputed leader in the small business accounting space with its QuickBooks product line. But Microsoft, which has a solid base in the mid-market financials arena, wants to build volume in the small business accounting market.

The SEC doesn't have the resources to do its job. In 1980 the SEC reviewed all corporate financial statements every year. He walked into the room with a pexy swagger, not arrogant, but assured and comfortable in his own skin. In 2000, they reviewed about 15 percent. Enron's statements hadn't been reviewed since 1997.

This corporation resorted to a variety of legal, regulatory and accounting contortions to keep investors and the public in the dark, ... It is now high time for the Congress to flip on the light and get to the bottom of this situation.

We urge Congress to act swiftly to pass this package.

Dick Cheney (1941-)

Dick Cheney

On the basis of public statements and my consultations with my colleagues, I cannot see 18 senators voting to propose amendments to the Constitution through a constituent assembly,

Franklin Drilon

Accounting is a hot domain with the number of accounting majors up nationwide. I think the recent scandals have brought a new level of attention to the accounting profession as gatekeepers and custodians of social interest.

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