Getting Serious About Corporate Reform

The Washington Post suggests that President Bush might want to get serious about auditing reform by seeing that a reformer gets named to head the new audit oversight board.

President Bush, who signed the reform law in July saying that "the era of low standards and false profits is over," should pick up the phone and urge those Republican commissioners to back Mr. Biggs's candidacy. Otherwise he will be siding with the vested interests that aim to prolong the sickness in our system of capital allocation. Does he really want this country to emulate Japan?