The recent Worldcom and Enron scandals have many companies, epecially
high-tech companies, very concerned about how they will have to
restate their financials and what new standards will be developed --
either by law or by general practice -- to ensure that financials are
stated forthrightly. I am trying to find the names of the nation's
leading experts who can "predict" what will unfold over the next three
years and make recommendations for how companies should behave in
terms of best practices. Am looking for names of experts from
forensic accounting, FBI, journalism community, financial leaders,
etc. who have "insider knowledge" and influence on what will develop.
Hi prpro-ga, and thanks for the question.
Please find below a list of the people who are likely to form or have
information/influence on any future restructuring of the financial
reporting system on a corporate/governmental scale.
---------------------------------------------
The man who might well have most influence is Barry Melancon,
President and CEO of the American Institute of Certified Public
Accountants. The AICP sets U.S. auditing and professional ethical
standards and, with the Financial Accounting Standards Board, U.S.
accounting standards. Barry Melancon has also given testimony before
the House Financial Services Committee, on financial reporting reform.
http://www.cpa2biz.com/News/News+from+Our+Partners/AICPA+Chief+Supports+Meaningful+Change+to+Financial+Reporting+System.htm
Contact:
Main Office (New York)
American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, NY 10036-8775
tel. 212/596-6200
fax 212/596-6213
http://www.aicpa.org/index.htm
--------------------------------------------------------
Sam DiPiazza, CEO of PricewaterhouseCoopers
“is calling for creation of a new three-tier structure for corporate
reporting that includes global accounting standards.”
http://www.cpa2biz.com/News/News+from+the+Profession/PWC+CEO+Calls+For+Global+GAAP+Overhaul.htm
He is also the author of “Building Public Trust-The Future of
Corporate Reporting” for the executive summary of the book click here:
http://www.pwcglobal.com/gx/eng/ins-sol/publ/publictrust/pwc_building_public_trust_summary.pdf
Contact:
Chairman's Office - USA Firm
PricewaterhouseCoopers LLP 1301 Avenue of the Americas
New York, New York 10019
Telephone: [1] (646) 471 4000
Telecopier: [1] (646) 394 1301
------------------------------------------------
Michael G. Oxley, Chairman of the House Committee on Financial
Services
“The Committee oversees the entire financial services industry,
including the securities, insurance, banking, and housing industries.
The Committee also oversees the work of the Federal Reserve, the
Treasury, the SEC, and other financial services regulators.”
http://financialservices.house.gov/
Contact:
2233 Rayburn House Office Building
Washington, D.C. 20515
(202) 225-2676
--------------------------------------------------------
D. Larry Crumbley, Editor-in-Chief - JOURNAL OF FORENSIC ACCOUNTING
In 1996 Professor Crumbley was appointed Diplomate of the American
Board of Forensic Accounting (DABFA).
Contact:
D. Larry Crumbley, CPA, DABFA
KPMG Peat Marwick Professor
Department of Accounting
Louisiana State University
3101 CEBA Building
Baton Rouge, LA 70803
Phone: 225-578-6231
Fax: 225-578-6201
dcrumbl@unix1.sncc.lsu.edu
--------------------------------------------------------------
Pete Peterson, Chairman of Blackstone Group
“Peterson leads a group of investors that includes the heads of
TIAA-CREF, the big pension fund and Vanguard, the mutual fund company,
that are drawing up corporate governance recommendations. “
http://money.cnn.com/2002/06/25/news/worldcom/
The Blackstone Group
345 Park Avenue
New York, NY 10154
USA
Phone: +1 212 583 5000
Fax: +1 212 583 5712
info@blackstone.com
----------------------------------------------------------------
Jim Frederick, MONEY Magazine Senior Editor
CNN - Money
Money Customer Service
PO Box 60001
Tampa, FL 33660-0001
or call, 1-800-633-9970
editor@money.timeinc.com
http://money.cnn.com/
----------------------------------------------------------------
Steve Forbes, President and Chief Executive Officer, Forbes; and
Editor-in-Chief, Forbes magazine
Bill Baldwin, Editor, Forbes magazine
Forbes.com
28 West 23rd Street
11th Floor
New York, NY 10010
Tel: (212) 366-8900
Forbes Inc.
60 5thAvenue
New York, NY 10011
Tel: (212) 620-2200
http://www.forbes.com/
------------------------------------------------
Bill Harrison CEO of JP Morgan Chase
“Today we saw the Enron hearing conducted by a Senate subcommittee at
which three of our employees testified on behalf of the firm. In this
highly politicized environment, they stood tall. I want to thank them
for their professionalism in their testimony, and I believe we should
all be especially aware of these points:”
http://www.jpmorganchase.com/cm/cs?pagename=Chase/Href&urlname=jpmc/about/facts/ceo_email
Contact:
J.P. Morgan Chase & Co.
270 Park Avenue
New York, NY 10017-2070
(1-212) 270-6000
Marketing.and.Communications@jpmorganchase.com
-----------------------------------------
Paul A. Volcker Chairman of the Trustees for the International
Accounting Standards Board.
International Accounting Standards Board
30 Cannon Street, London EC4M 6XH,
United Kingdom
Telephone: +44 (0)20 7246 6410
Facsimile: +44 (0)20 7246 6411
Publications Facsimile: +44 (0)20 7353 0562
E-mail: iasb@iasb.org.uk
http://www.iasc.org.uk/cmt/0001.asp
--------------------------------------------------------------
Robert McCann, head of Global Securities Research and Economics
http://www.ml.com/about/org_structure_ml/mccann.htm
"NEW YORK, 29 July — Merrill Lynch (NYSE: MER) today said, in
connection with proposed Regulation AC, that it supports the principle
of analyst certification, intends to adopt it, and will comment to the
Securities and Exchange Commission (SEC) on how best to develop and
implement fully this principle in broker dealer research practices. "
http://www.ml.com/about/press_release/07292002-1_regulation_ac_pr.htm
Contact:
Susan McCabe Walley 212.449.0389
Susan_McCabe@ml.com
Merrill Lynch & Co., Inc.
Global Headquarters
4 World Financial Center
250 Vesey Street
New York, NY 10080
TEL 212-449-1000
-----------------------------------------------------
Securities and Exchange Commission
Harvey L. Pitt - Chairman of the United States Securities and Exchange
Commission.
SEC Headquarters
450 Fifth Street, NW
Washington, DC 20549
Office of Investor Education and Assistance
(202) 942-7040
e-mail: help@sec.gov
http://www.sec.gov/about/commissioner/pitt.htm
--------------------------------------------------
Bruce J. Gebhardt - Executive Assistant Director - Criminal
Investigative Division
The FBI's financial institution fraud unit:
http://www.fbi.gov/hq/cid/fc/fifu/fifu.htm
Contact:
Federal Bureau of Investigation
J. Edgar Hoover Building
935 Pennsylvania Avenue, NW
Washington, D.C. 20535-0001
202-324-3000
http://www.fbi.gov/
-------------------------------------------------------
Thank you for the question, and if you need any clarification of my
answer or if you need further help, do not hesitate to ask.
THX1138
Some of the search strategies I used:
enron worldcom "financial reporting"
://www.google.com/search?hl=pt&ie=ISO-8859-1&as_qdr=y&q=enron+worldcom+%22financial+reporting%22&as_qdr=y&btnG=Pesquisa+Google&lr=
enron worldcom restructure
://www.google.com/search?hl=pt&ie=ISO-8859-1&as_qdr=y&q=enron+worldcom+restructure&as_qdr=y&btnG=Pesquisa+Google&lr=
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