SoxFirst’s NewsCloud Journal

Senator Chuck Schumer’s attempt to lean on the Big Four accounting firms about taking a less rigorous approach to mortgage accounting standards so that their clients can renegotiate bad loans. Now, auditors are supposed to be independent gatekeepers and politicians should not be putting them under any pressure.

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This entry was posted on Wednesday, August 29th, 2007 at 9:37 pm and is filed under chuck, senator, four, subprime, schumer, big. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. If this a substantial original entry, you can post it to NewsCloud.