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Words: | Submitted: Mon Jun 19 2006
... similar battle, and the medical profession as we knew it is a concept for the history books. The once luminous Enron, in addition to Andersen, WorldCom and Tyco, are the believed perpetrators. Sarbanes Oxley is the governments' response to the humiliation and shame Enron brought about; evermore it is a poignant illustration signaling the need for reform as we enter the next major business movement reflective of our current times, which are dominated by two forces, information and speed. These scandals have haunted everyone they have touched both personally and sympathetically, yet they also have triumphed; by forcing the accounting community to readdress the issues that are lacking in the "professions". It is this single victory that I am grateful; not only did we survive the initial onslaught and embarrassment, but now the business community is demanding change. This demand has revealed the inevitable: until the accounting community radically separates ...
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