August 8, 2002
Accounting Measure Omits Charity-Disclosure Clause
A measure signed by President Bush last week that toughens corporate accounting laws left out a controversial proposal that would have required companies to increase disclosure of their charitable contributions.
The measure was a compromise between the two different bills passed by the House and Senate. Lawmakers were spurred to act by disclosures of accounting errors by the telecommunications giant WorldCom, among others.
Left out of the final version was a provision of a bill
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