I think we should look at that with a very large magnifying glass because with what we are seeing with corporate greed, and there are a lot of great corporate citizens and CEOs, but the accounting games which seem to have been pulled by the Global Crossings of the world, and the Enrons and the Arthur Andersens, it seems like big corporations are just in it for themselves and are not worrying about the good of humanity. One of the things that we in the Republican Party did April 24, we passed an accounting accountability act to separate accountants from consultants and put things at arm's length. I am glad to hear that the Senate is waking up to this. I am glad to hear that Mr. Daschle and the other body has discovered there is an issue out there. We did ours on April 24. The Democratic leadership voted against it. It is time for the Senate to act on it. Let us get a bill into conference and hammer out the differences. I think right now it is time for corporate goodwill to be exhibited.
Jack Kingston: “I think we should look at that with a very large magnifying glass because with what we are seeing with corporate greed…”
Editor's note · Context
Addressing corporate accountability and the need for legislative action on accounting practices.
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