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AICPA in US urges SEC to broaden auditor proposal

NEW YORK, Nov 26 (Reuters) – The accounting industry's main trade and lobby group on Tuesday urged the Securities and Exchange Commission to broaden a proposed rule that prevents corporate officers and directors from misleading auditors.
In a letter to the agency, the American Institute of Certified Public Accountants said the proposed rule should make it a crime for anyone, not just officers and directors, to mislead auditors.

In October, the SEC approved the proposal as mandated by the Sarbanes-Oxley bill, after a series of accounting scandals brought the issue of the effective auditing to the forefront.

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