The Sec Vs. Cp As: Suddenly, It's Hardball
It is an unusually public slugfest for two parties that normally keep their fights private. In one corner is Securities & Exchange Commission Chairman Arthur J. Levitt, the politically savvy shareholder crusader, who in a May 10 speech on auditor independence fired his latest salvo against the accounting profession. He's pitted against the green-eyeshade set--and its glitzy management-consultant brethren--who believe they may be battling toe-to-toe with the SEC chief for their very survival.
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