I think Pitt called for an end to self-regulation by the industry. Out with the AICPA as disciplinarian, in with some outside groups composed of "experts." Not the government, though.
I listened to Pitt's press conference today; the guy is a serious hard apple. He was dishing it out to the reporters! He must be taking lessons from Ari.
Thanks for the info. I figured "self-regulation", i.e, peer reviews, would be dead. Glad to hear they are not calling for "government" regulation although I wonder who the outside groups would be.
Glad to hear he is taking lessons from Rummy. That is clearly what the country needs and wants. Some plain speaking people that are ready to rumble!!!