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November 16, 2009

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Feds to tighten oversight

Thursday, June 20, 2002 | 11:11 a.m.

WASHINGTON -- Federal regulators today put forward the government's own Enron-inspired plan to tighten oversight of the accounting industry by creating an independent monitoring body with disciplinary powers.

The Securities and Exchange Commission lined up behind a Bush administration proposal creating a new private-sector board to oversee the accounting industry and discipline auditors.

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