A congressional study assesses the current U.S. economic
slowdown and offers varied scenarios for an eventual recovery ( www.house.gov/jec/press/2001/07-03-1.htm
).
Following Senate banking committee approval, the full
Senate confirms Harvey L. Pitt’s nomination to the SEC. Since
President George W. Bush has indicated he will appoint Pitt SEC
chairman if the Senate confirms him, that formality is expected to
take place soon. ( www.senate.gov/~banking/prel01/0724pitt.htm
).
Lynn E. Turner, the chief accountant of the SEC, leaves
for an academic post in which he will continue his advocacy of
high-quality financial reporting, a focal point of his commission
tenure ( www.sec.gov/news/press/2001-77.txt
).
The SEC’s enforcement chief resigns, and it names an
interim successor ( www.sec.gov/news/press/2001-68.txt
; www.sec.gov/news/press/2001-69.txt
)
The AICPA issues a guide for lawmakers and other public
policymakers to help them evaluate proposed changes in the tax system
( http://ftp.aicpa.org/public/download/members/div/tax/3-01.pdf
).
A new book explains what CPAs need to know about XBRL
(extensible business reporting language) ( www.cpa2biz.com/CS2000/Products/CPA2BIZ/XBRL+Essentials.htm
).
