Insurers Given Guidance To Avoid ?Enron' Ills

NU Online News Service, Feb. 22, 11:43 a.m. EST?New York's top insurance regulator, reacting to the Enron accounting scandal, issued guidelines today requiring insurers to disclose when they have consulting contracts with firms that audit them.

Insurance Superintendent Gregory V. Serio said, "The Enron situation brought to the forefront the critical need" for certified public accountant firms that perform audits of company financial statements "to maintain independence and integrity.."

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