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A Closer Look (Who Is Accountable) #651297

ABC Evening News for Tuesday, Jan 15, 2002
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(Studio: Peter Jennings) Report introduced.

(Chicago: Dean Reynolds) A closer look at accounting in light of the Enron debacle presented; details given about the lack of accountability in the accounting system. [On the street, two PEOPLE - worry.] [Center for Financial Research and Analysis Howard SCHILIT - assesses accounting practices.] [Former Securities and Exchange Commission chairman David RUDER - raises the problem of lack of objectivity when accountants both audit and consult.] [Asencio and Company investment bank Manuel ASENSIO - says you cannot rely on auditors or Wall Street, which only focuses on the next deal.]

Jennings, Peter;
Reynolds, Dean

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