It Is About Time

http://www.reuters.com/article/governmentFilingsNews/idUSN0747780820081108

It finally seems as if one of the big four public account ing firms, Deloitte & Touche LLP, is seriously enforcing the Sarbanes Oxley and AICPA rules prohibiting conflicts of interest by its partners and professional staff. Deloitte's decision to sue its former vice chairman for trading in securities of the firm's audit clients is a breath of fresh air in what otherwise has seemed to be a stagnating ethical environment. I applaud my professional colleagues for their action.