Additional Materials for Proposed Rule:
Public Testimony Regarding Auditor Independence and the SEC’s Proposal

[Release Nos. 33-7870; 34-42994; 35-27193; IC-24549; IA-1884; File No. S7-13-00]

Presented September 21, 2000    Presented September 20, 2000    Presented September 13, 2000    Presented July 26, 2000

Testimony Presented on September 21, 2000

Panel 1

• Testimony of Robert K. Elliott, Chairman; Barry Melancon, President and Chief Executive Officer of the AICPA; Chairman of the PCPS Executive Committee; Harold L. Monk, Jr., Gordon A. Viere, Chairman of the Practice Group B Advisory Committee

• Testimony of Stephen G. Butler, Chairman KPMG LLP

Panel 2

• Testimony of Jack Maurice, Member of the Ethics Working Party, European Federation of Accountants (FEE) (File name: maurice1.pdf) [note: 3 MB]

• Testimony of Abraham J. Briloff, Professor Emeritus, Baruch College (File name: briloff1.pdf)

• Testimony of Don N. Kleinmuntz, Professor of Business Administration, College of Commerce and Business Administration, University of Illinois at Urbana-Champaign (File name: kleinmu1.htm)

• Testimony of Urton Anderson, Clark W. Thompson Jr. Professor of Accounting Education, McCombs School of Business, University of Texas at Austin (File name: anderso1.htm)

Testimony Presented on September 20, 2000

Morning Session

Panel 1

• Testimony of Senator Howard M. Metzenbaum (Ret.) Chairman, Consumer Federation of America (File name: metzenb1.htm)

• Testimony of Bill Patterson, Director of the Office of Investment, AFL-CIO (File name: patters1.htm)

• Testimony of Frank Torres, Consumers Union (File name: torres1.htm)

Panel 2

• Testimony of Richard Blumenthal, Attorney General of Connecticut (File name: blument1.htm)

Panel 3

• Testimony of William D. Travis, Managing Partner, McGladrey & Pullen, LLP (File name: travis1.htm)

• Testimony of Wayne A. Kolins, National Director of Assurance, BDO Seidman, LLP (File name: kolins1.htm)

Panel 4

• Testimony of Wanda Lorenz, Litigation Support Consultant, Lane Gorman Trubitt, LLP (File name: lorenz1.htm)

• Testimony of Howard M. Schilit, President, Center for Financial Research & Analysis, Inc. (File name: schilit1.htm)

Panel 5

• Testimony of Philip A. Laskawy, Chairman and Chief Executive Officer, Ernst & Young, LLP (File name: laskawy1.htm)

• Testimony of James J. Schiro, Chief Executive Officer, PricewaterhouseCoopers, LLP (File name: schiro1.htm)

Panel 6

• Testimony of Mauricio Kohn, Principal, Kohn Financial Consulting, Representing Association for Investment Management and Research (File name: kohn1.htm)

• Testimony of Thomas M. Rowland, Senior Vice President, Fund Business Management Group, Capital Research and Management Company (File name: rowland1.htm)

Afternoon Session

Panel 1

• Testimony of Clarence E. Lockett, Corporate Controller, Johnson & Johnson (File name: lockett1.htm)

• Testimony of James W. Barge, Controller, Time Warner, Inc. (File name: barge1.ppt)

• Testimony of Robert L. Ryan, Chief Financial Officer, Medtronic, Inc. (File name: ryan1.htm)

Panel 2

• Testimony of John J. Costello, Senior Director of Litigation, Gursey, Schneider & Co., LLP

• Testimony of Stuart M. Grant, Director, Grant & Eisenhofer, P.A. (File name: grant1.htm)

Panel 3

• Testimony of Douglas Scrivner, General Counsel, Andersen Consulting (File name: scrivne1.htm)

Panel 4

• Testimony of Joseph F. Berardino, Managing Partner, North America Assurance and Business Advisory Practice, Arthur Andersen, LLP (File name: berardi3.htm)

• Testimony of James E. Copeland, Jr., Chief Executive Officer, Deloitte & Touche, LLP (File name: copela1.htm)

Panel 5

• Testimony of Harvey Golub, Chairman and Chief Executive Officer, American Express Company (File name: golub1.htm)

Panel 6

• Testimony of William Baker, President Arizona Board of Accountancy on Auditor Independence (File name: baker1.htm)

• Testimony of Michael Daggett, Director at Large, National Association of State Boards of Accountancy; Past President, Arizona State Board of Accountancy (File name: daggett1.htm)

• Testimony of Michael Conaway, Texas State Board of Public Accountancy (File name: conaway1.htm)

• Testimony of Thomas J. Sadler, Past Chair, Washington State Board of Accountancy (File name: sadler1.htm)

• Testimony of Ronald Nielsen and Kathleen Chapman, Iowa Accountancy Examining Board (File name: nielsen1.htm)

Panel 7

• Testimony of Roderick M. Hills, Founder and Partner, Hills & Stern

• Testimony of Charles C. Cox, Senior Vice President, Lexecon Inc. (File name: cox1.htm)

Panel 8

• Testimony of Philip D. Ameen, Chair, Committee on Corporate Reporting; Philip B. Livingston, President and Chief Executive Officer; and Roger W. Trupin, FEI-CCR SEC Subcommittee Chair, Financial Executive Institute (File name: ameen1.htm)

• Testimony of Paul Koren, Partner, Goldstein, Golub & Kessler (File name: koren1.htm)

Panel 9

• Testimony of William R. Kinney, Jr., Professor, McCombs School of Business, University of Texas at Austin (File name: kinney1.htm)

• Testimony of Joseph F. Long, President, Passavant Hospital Foundation (File name: long1.htm)

• Testimony of Frank Tirelli, Chief Operating Officer, MyCFO, Inc. (File name: tirelli1.htm)

Testimony Presented on September 13, 2000

Morning Session

Panel 1

• Testimony of Laurence H. Meyer, Governor, Board of Governors of the Federal Reserve System (File name: meyer1.htm)

• Testimony of Paul A. Volcker, Former Chairman Board of Governors of the Federal Reserve System (File name: volcker1.htm)

Panel 2

• Testimony of David A. Brown, Chairman, Ontario Securities Commission (File name: brown1.htm)

• Testimony of John C. Whitehead, Retired Chairman, Goldman Sachs & Co.

• Testimony of Bevis Longstreth (File names: longst1a.pdf and longst1b.pdf)

Panel 3

• Testimony of Gary M. Pfeiffer, Chief Financial Officer, E. I. Du Pont De Nemours and Company (File name: pfeiffe1.htm)

• Testimony of Judy Lewent, Senior Vice President and Chief Financial Officer, Merck & Co., Inc. (File name: lewent1.htm)

Panel 4

• Testimony of Kayla J. Gillan, General Counsel, California Public Employees' Retirement System

• Testimony of Alan P. Cleveland, Special Legal Counsel, New Hampshire Retirement System (File name: clevela1.htm)

• Testimony of Ralph Whitworth, Managing Member, Relational Investors, LLC (File name: whitwor1.htm)

Panel 5

• Testimony of Nancy Newman-Limata, president-elect of the New York State Society of Certified Public Accountants; Jo Ann Golden, vice-president of the Society; William Stocker, chair of the Society's Auditing Standards and Procedures Committee; Robert Waxman, chair of the Society's SEC Practice Committee; and Allen Fetterman, chair of the Professional Ethics Committee (File name: golden1.htm)

• Testimony of Dennis Paul Spackman, Chairman, (File name: spackm1a.htm)

• Testimony of David Costello, President and Chief Executive Officer, National Association of State Boards of Accountancy (File name: costell1.htm)

• Testimony of William G. Bishop, III, President,Institute of Internal Auditors (File name: bishop1.htm)

• Testimony of Jacqueline K. Wagner, General Auditor, General Motors Corporation [Representing Institute of Internal Auditors]

Afternoon Session

Panel 1

• Testimony of Tom Gardner, Co-Founder, The Motley Fool, Inc. (File name: gardner1.htm)

• Testimony of Bernard Blum, Blum Shapiro Financial Services Inc. [Representing Financial Planning Association] (File name: blum1.htm)

Panel 2

• Testimony of Domenick J. Esposito, Chief Executive Officer, Grant Thornton LLP (File name: esposit1.htm) Oral Testimony (File name: esposi1b.htm)

• Testimony of Thomas S. Goodkind, Formerly with Arthur Andersen & Co. (File name: goodkin1.htm)

Panel 3

• Testimony of Robert M. Morgenthau, District Attorney, County of New York (File name: morgent1.htm)

Panel 4

• Testimony of Jay W. Eisenhofer, Grant & Eisenhofer, P.A. (File name: eisenho1.htm)

• Testimony of Charles R. Drott, (File name: drott1.htm)

Panel 5

• Testimony of Stephen G. Butler, Chairman, KPMG LLP (File name: butler1.htm)

• Summary of Intended Testimony of Robert K. Elliott, Chairman; Barry Melancon, President and Chief Executive Officer of the AICPA; Chairman of the PCPS Executive Committee; Harold L. Monk, Jr., Gordon A. Viere, Chairman of the Practice Group B Advisory Committee; Gary S. Shamis, Chairman of the PCPS Management of an Accounting Practice Committee; American Institute of Certified Public Accountants (File name: aicpa1.htm)
  Testimony of Robert K. Elliott (File name: elliott1.htm)
  Testimony of Barry Melancon (File name: melanc1.htm) and (File name: melanc1b.ppt) (This is a Power Point file.)
  Testimony of Harol L. Monk, Jr. (File name: monk1.htm)
  Testimony of Gordon A. Viere (File name: viere1.htm)
  Testimony of Gary S. Shamis (File name: shamis1.htm)

Panel 6

• Testimony of Robert Fox, New York State Board for Public Accountancy (File name: fox1.htm)

• Testimony of Larry Gelfond, Colorado Accountancy Board (File name: gelfond1.htm)

• Testimony of Baxter Rice, California State Board of Accountancy (File name: rice1.htm)

• Testimony of Anne Ross (File name: ross1.htm), and Robert Wilkes, South Carolina Accountancy Board

Panel 7

• Testimony of Graham Ward, President, The Institute of Chartered Accountants in England and Wales (File name: ward1.htm)

• Testimony of Elise Neils, Director, Brand Finance PLC (File name: neils1.htm)

Panel 8

• Testimony of Thomas C. DeFazio, Executive Vice President & Chief Financial Officer, VirtualCom Incorporated (File name: defazio1.htm) Oral Testimony (File name: defazio1b.htm)

• Testimony of Richard J. Stegemeier, Chairman Emeritus of the Board of Directors, UnoCal Corporation (File name: stegeme1.htm) Oral Testimony (File name: stegem1b.htm)

Panel 9

• Testimony of Daniel Dustin, New York State Education Department (File name: dustin1.htm)

• Summary of Testimony of Rajib Doogar, Professor, Department of Accountancy, University of Illinois at Champaign Urbana (File name: doogar1.pdf) Testimony Presented (File name: doogar1a.pdf) (These are PDF files.) Oral Testimony (File name: doogar1b.htm)

• Testimony of David Dasgupta, Former AICPA Official (File name: dasgupt1.htm)

Testimony Presented on July 26, 2000

Session One

• Testimony of John D. Hawke, Jr., Comptroller of the Currency (File name: hawke1.htm)

Session Two

• Testimony of J. Michael Cook, former Chairman and CEO, Deloitte & Touche, Greenwich, Conn., July 26, 2000 (File name: cook1.htm)

Session Three

• Testimony of Professor Rick Antle, Professor of Accounting and Associate Dean, Yale School of Management, New Haven, Conn., July 26, 2000 (File name: antle1.ppt) (Note:  this is a MS PowerPoint file)

• Testimony of Professor John C. Coffee, Jr., Adolf A. Berle Professor of Law, Columbia University Law School, New York, N.Y., July 26, 2000 (File name: coffee1.htm)

• Testimony of Professor Paul B.W. Miller, Professor of Accounting, University of Colorado at Colorado Springs, July 26, 2000 (File name: miller1.htm) Addendum to Testimony of Professor Miller, July 31, 2000 (File name: miller2.htm)

Session Four

• Testimony of John H. Biggs, Chairman and Chief Executive Officer, TIAA-CREF, July 26, 2000 (File name: biggs1.htm)

• Testimony of Ray J. Groves, former Chairman and CEO, Ernst & Young, New York, N.Y., July 26, 2000 (File name: groves1.htm)

Session Five

• Testimony of Joseph F. Berardino, Managing Partner for Assurance and Business Advisory Services for North America, Arthur Andersen LLP, July 26, 2000 (File names: berardi1.htm - summary of intended testimony; berardi2.htm - testimony)

• Testimony of Robert R. Garland, National Managing Partner, Assurance & Advisory Services, Deloitte & Touche LLP, July 26, 2000 (File names: garland1.htm- summary of intended testimony; garland2.htm - testimony)

• Testimony of J. Terry Strange, Global Managing Partner of Audit, KPMG LLP, July 26, 2000 (File names: kpmg1.htm - summary of testimony for KPMG; strange1.htm - testimony by Strange )

Session Six

• Testimony of Jack Ciesielski, R.G. Associates, Inc. and Publisher, The Analyst's Accounting Observer, July 26, 2000 (File name: ciesiel1.htm)

Session Seven

• Testimony of William T. Allen, Chair, Independence Standards Board, July 26, 2000 (File name: allen1.htm) [Revised testimony of William T. Allen, July 26, 2000 (File name: allen2.htm)

• Testimony of John C. Bogle, Member, Independence Standards Board, July 26, 2000 (File name: bogle1.htm)

• Testimony of Robert Denham, Member, Independence Standards Board, July 26, 2000 (File name: denham1.htm)

• Testimony of Manuel Johnson, Member, Independence Standards Board, July 26, 2000 (File name: johnson1.htm)

Session Eight

• Testimony of Professor George Loewenstein, Professor of Economics and Psychology, Carnegie Mellon University, Pittsburgh, Pa., July 26, 2000 (File names: loewen1a.htm; bazloew1.pdf; loewen1c.pdf)

• Testimony of Professor Max Bazerman; Gerber Professor-Kellogg, Graduate School of Managment, Northwestern University; Marvin Fellow-Harvard Business School, July 26, 2000 (File names: bazerm1.htm; bazloew1.pdf)

• Testimony of Professor Douglas R. Carmichael, Professor of Accounting, Bernard M. Baruch College, City University of New York and former Vice-President, AICPA, July 26, 2000 (File name: carmich1.htm)

• Testimony of Professor Curtis C. Verschoor, Research Professor, DePaul University, July 26, 2000 (File name: verscho1.htm)

Session Nine

• Testimony of Dan L. Goldwasser, Vedder, Price, Kaufman & Kammholz, July 26, 2000 (File name: goldwas1.htm)

• Testimony of Alfred M. King, Chairman, Valuation Research Corporation, and Mark Santarsario, President, Marshall & Stevens, Inc., July 26, 2000 (File name: kingsan1.htm)

• Testimony of Nimish Patel, Pollet & Richardson, July 26, 2000 (File name: patel1.htm)

Note: Some of these documents are in PDF format.

http://www.sec.gov/rules/proposed/s71300t.shtml
12/05/2000