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Auditors called to account

US regulators have set out plans to tighten controls on auditors and hopefully restore investor confidence in companies’ financial statements, but investors remain sceptical.

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Demands in the US for tighter regulation of accountants and measures to ensure better financial reporting have been given a boost with the announcement of plans for a public sector regulator of accountants.

Nevertheless US regulators will have their work cut out restoring investor confidence – as Credit was going to press WorldCom, the embattled US telco, looked close to bankruptcy after it

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