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March 12, 2003

Thanks to Julie Hoffman

Thanks to Julie Hoffman of Squire Sanders & Dempsey for her lengthy and precise notes from the recent SEC Speaks 2003 conference. TheCorporateCounsel.net subscribers can review those at http://www.thecorporatecounsel.net/member/SEC/03_11_03_SECspeaks.htm.

We have also posted sample audit fee tables for subscribers at http://www.thecorporatecounsel.net/member/Disclosure/audit_fee.htm.

FASB commences its discussion of rulemaking to require expensing options today – by now, a number of accounting firms support the move, including E&Y, PwC, Deloitte, Grant Thornton – and allegedly even KPMG. See a related Washington Post article at http://www.washingtonpost.com/wp-dyn/articles/A12710-2003Mar11.html.

Yesterday, the SEC/NYSE/Nasdaq released a joint study on mutual fund fees, claiming that some funds overcharge investors – see the study at http://www.sec.gov/news/studies/breakpointrep.htm.

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