Subject: file s7-16-98
Author:  Tom Faughnan 
Date:    8/12/98 2:36 PM
     
     
For what it is worth. While I think the SEC position and the AICPA 
position on how one defines "negligence" are relatively at par, I do 
believe that the AICPA position is cleaner to administer and less 
subject to opinion, personality and interpretation.  It seems the 
clearer you can make standards the enforcement of the standards is 
cleaner and understandable to each party.  Therefore I support the 
opinion of the AICPA in this instance and would like to SEC to 
reconsider its current stance. For what its worth. Tom