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Article: Potential conflicts of interest remain prevalent between executives, auditors.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- September 6, 2004
CopyrightCOPYRIGHT 2004 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Andrew Countryman
Sep. 6--Much has changed in corporate America since the Enron Corp. scandal erupted three years ago.
Worry about many of the issues that generated so much concern--in particular, payments to independent accountants for services beyond audits and corporate executive ranks loaded with former auditors--have faded, in part, because Congress took steps to address the problems.
But critics say those potential conflicts of interest remain. And a Tribune analysis shows they were prevalent in companies that revised previously disclosed financial results last year.
The Tribune study found these companies spent more with ...