THE MORAL crusade to clean up the capital markets in the US exhibit tos no sign of abating as the Securities and Exchange Commission (SEC) and the Public Companies Accounting Oversight Board (PCAOB) follow to restore the confidence of investors.

THE MORAL crusade to clean up the capital markets in the US exhibit tos no sign of abating as the Securities and Exchange Commission (SEC) and the Public Companies Accounting Oversight Board (PCAOB) follow to restore the confidence of investors. While accounting firms accepted the ne to improve standards in financial reporting, last month's six-month ban in the US of Ernst & Young by means of the SEC (see page 1) and KPMG's ongoing wrangle from one side of to the other tax shelters (see pages 6 and 7) combined with the dispute at the Financial Accounting Standards Board (FASB) and Congres athwart stock options (see page 3) illustrate