House Bill Proposes Ombuds for Accounting Oversight

Congress' reaction to the Enron and WorldCom accounting scandals has forced "honest companies" to comply with "massive and tedious" requests for information, Rep. Scott Garrett said Wednesday. Garrett, R-Wantage, introduced a bill to relax some of the provisions of the Sarbanes-Oxley law, including creating an ombudsman's office in the Public Company Accounting Oversight Board. (North Jersey Media Group.)