Author:  <RFoggnwl@aol.com> at Internet 
Date:    8/12/98 2:14 PM
     
     
     I am not in public practice.  I do investment work and depend on audited
statements. 
     I still support the AICPA's recommendation that their definition be used
and that ordinary negligence not become a standard to bar accountants from 
practice. 
    If an auditor constantly has to be looking over his shoulder, for fear of
losing his livelihood, his work will be bogged down in trying to get the 
absolute answer. Labor costs will soar on audits and the public ultimately 
will not be served.  
     The members of the accounting profession are by nature, careful, and by
educational requirements, well trained professionals.  Such far reaching 
threats to the vast majority of us who are competent and diligent, is 
unnecessary.  The SEC should not be interfering with one of the few 
professional groups that effectively monitors itself.