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April 28, 2003

On Friday, the SEC reaffirmed

On Friday, the SEC reaffirmed the FASB as the accounting standards setter – and recognized the PCAOB as the auditing standard setter. See http://www.sec.gov/news/press/2003-53.htm and http://www.sec.gov/news/press/2003-52.htm.

Today, the SEC announced its global settlement with Wall Street regarding analyst conflicts – see http://www.sec.gov/news/press/2003-54.htm.

We have posted our May issue of TheCorporateCounsel.net Eminders at http://www.thecorporatecounsel.net/E-minders/.

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