| FOR IMMEDIATE RELEASE: | CONTACT: Jesse Jacobs |
| Friday, March 8, 2002 | 202-224-4524 |
BANKING COMMITTEE TO
HEAR FROM ACCOUNTING INDUSTRY,
OTHER EXPERTS, ON ACCOUNTING ISSUES
IN WAKE OF ENRON CORP. COLLAPSE
Senator Paul S. Sarbanes, the Chairman of the Banking, Housing, and Urban Affairs Committee, announced that the full Committee will meet to hear from representatives of the accounting industry and other experts in the wake of the collapse of Enron Corp. and other high-profile business failures in recent years.
The Committee will continue its focus on the oversight of the accounting profession, and will include examination of audit quality and independence, and the formulation of accounting principles.
The hearing will be held:
10:00 A.M.
538 DIRKSEN SENATE OFFICE BUILDING
Scheduled to appear before the Committee are:
- Mr. James G. Castellano, CPA; Chairman, Board of Directors, American Institute of Certified Public Accountants (the "AICPA); Managing Partner, Rubin, Brown, Gornstein Co., LLP;
- Mr. James S. Gerson, CPA; Chairman, Auditing Standards Board, AICPA; Partner, National Office of PricewaterhouseCoopers, LLP;
- Mr. William E. Balhoff, CPA, CFE; Chairman, Executive Committee, AICPA Public Company Practice Section; Senior Audit Director, Postlethwaite & Netterville, A.P.A.C.;
- Ms. Olivia F. Kirtley, CPA; Former Chair, Board of Directors, AICPA (1998-99); Retired Vice President and CFO, Vermont American Company;
- Mr. James E. Copeland, Jr., CPA; Chief Executive Officer, Deloitte & Touche;
- Mr. Peter J. Wallison, Resident Fellow and Co-Director, Financial Deregulation Project, American Enterprise Institute; and
- Mr. Robert E. Litan, Director, Economic Studies Program, The Brookings Institution..
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