Companies were reporting lower earnings as a result of the new legislation as accounting rules force companies to take a charge in the first quarter.

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The legislation has been a boon for the accounting industry-fees in many cases have doubled or tripled.

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The legislation has been a boon for the accounting industry--fees in many cases have doubled or tripled.

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Auditors send professionalism packing and abdicate their public duty to shareholders when legislation threatens the lucrative business of being a public accounting firm.

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While opposition groups may agree that the central bank needs reforming, many are concerned that the government will try to tack on extra legislation such as measures relating to false accounting.

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