September 12, 2000
Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street NW
Washington, DC 20549-0609
Dear Mr. Katz:
The purpose of this letter is in response to the SEC's proposed revisions to Rule 2-01 of regulation S-X and to explain why this proposed regulation is not only unnecessary, but it would limit the breadth of services that we may offer our clients to one: audit or non-audit services.
Some of the major points of effect this proposal would have on our firm would be:
For a government agency to decide how to tell some business organizations what services they may provide and tell other businesses who they can buy these services from is an extreme intervention without any basis.
This scope of services rule must not be allowed to go forward and ask that you realize the devastating effect this would have on our industry.
Anthony P. Frabotta