Subject: File No. S7-16-98
 
Date:    8/17/98 12:29 PM
     
     
Sirs:
     
I am a CPA working in the pivate industry sector and would like to take 
this opportunity to express my views about a matter brought to my attention 
via the AICPA.
     
In reference to File No. S7-16-98, I am in full support of the AICPA 
position that in the form presented, a Rule 102(e) negligence standard with 
respect to accountants contravenes public policy, treats accountants in a 
discriminatory manner and would actually diminish the role of accountants 
in the arena of financial reporting.
     
I feel that protecting the investing public from untrustworthy and grossly 
incompetent practitioners is fully justified.  I don not agree, however, 
that sanctions should be levied against accountants for differences in 
opinion regarding professional standard or for isolated negligence errors 
in the application of some professional standards.
     
Please reconsider the proposed amendment to Rule 102(e) - - working with 
the AICPA to come to a more justified and fair position on professional 
standards and enforcement.
     
Regards
     
Dominick A. Bellino
CPA