So I may supplement the thoughts I am about to express in an additional statement before the comment period ends. I agree with many of the Commission's proposals, I could agree with some others provided some modifications were made, and there are a number of proposals with which I disagree.
Specific comments follow.
The General Standard for Auditor Independence I could agree with proposed principle no. 1 if one word were deleted. I agree with principles nos. 2 and 3. These efforts involved a number of coalitions that included accounting firms and the audit clients of some of those firms.