Vanderbilt Law Review


John C. Burton

First Page



The Commission's enforcement program in regard to professional accountants is one of the means by which it seeks to improve the quality and reliability of financial reporting in the United States. Effective utilization of this program can achieve an increasing quality of professional performance and the implementation on an industry-wide basis of improved quality control procedures, thereby assuring the vitality of auditing standards and public confidence in the profession as a whole. These objectives are being achieved through a selective, albeit vigorous, application of enforcement powers and the continued use of flexible and innovative approaches by the SEC. While the accounting profession may some-times feel that it has been damaged by this effort, I am confident that in the long run the profession has in fact been strengthened in performing its essential function for the investing public and the free capital market system.