Dear Chairman Arthur Levitt

The following points are important issues that will dramatically effect not only our industry of public accounting firms, but create a negative ripple effect in our current economy, which would have a negative impact on a great many of businesses:

Please carefully consider the consequences such a far reaching rule would have on our countries economy and burdens businesses of all sizes would be forced to reckon with and cause unnecessary financial cost increases in running their operations.


Edward L. O'Neill, CPA
705 Olive, 10th Floor
Saint Louis, Missouri 63101
Phone 314-655-5500
Fax 314-655-5501