Author:  "Schoening; Allison" 
Date:    09/08/2000  11:15 AM

Subject: S7-13-00

This ruling will have an adverse impact on the accounting profession.  The 
Panel on Audit Effectiveness of the Public Oversight Board concluded that 
the profession and the quality of the audits are fundamentally sound.  They 
didn't find any evidence that the provision of non-audit services has hurt 
audit quality.
     
The accounting profession has successfully given investors reliable, 
independent data.