Word: reformer
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Since then, reform has centered around “reducing the burden of the Core” not changing the philosophy behind...
...Accounting Reform Act allowed for transition funding for the Public Company Accounting Oversight Board to come from unused SEC funds. However, with the president and Congress continuing to argue over budget priorities, the SEC is not likely to have any funds to spare. “The worst case scenario is that [the accounting board] or we will have to slow down if we find the budget is unresolved by early next year,” the agency has said. Without a budget decision from Capital Hill, all this summer’s reform rhetoric will be in vain...
Corporate reform deserves more than lip service from our political officials, and the only way reform policy will become effective is if government agencies are capable of enforcing it. If our government is serious about cracking down on corporate fraud, it needs to finance a budget that will allow real changes to occur...
...scandals of this past year demonstrate the seriousness of the problem and the pressing need for change. And when the public eye was closely monitoring the government’s response, legislators just could not seem to say enough about the need for corporate reform, yet now, when the media is preoccupied with other world affairs, our political leaders just twiddle their thumbs on the issue. Media hype and political convenience should not dictate public policy. With the current question of war looming, it is easy to become preoccupied with the details of our foreign policy plans. Yet we cannot...
While the government is partly to blame, the public has a responsibility to keep our legislators in check. We need to remind our representatives that corporate finance reform was not a summer trend, and that the implementation of policy, not simply its formation, is what fosters real change...