From: JimWagner@SAFe-mail.net
Sent: Monday, November 25, 2002 8:03 PM
To: rule-comments@sec.gov
Cc: ginwagner@safe-mail.net; john_e_wagner@hotmail.com
Subject: only a total ban on non-audit services will do

The Securities and Exchange Commission

Dear Persons,

Last week we learned, the SEC proposed new rules to curb auditor conflicts of 
interest. Great!

But now we know, while the SEC has proposed to ban auditors from doing certain 
kinds of consulting work, it does not ban all non-audit work. 

Many accounting experts recognize that only a total ban on non-audit work will 
ensure the independence of the audit. 

Otherwise, auditors will be trying their best to please firms with a favorable 
audit in order to win other business. 

Sen. Paul Sarbanes (D-MD) banned all non-auditing services in the original 
version of his bill, but eventually relented to leave in some non-auditing 
services to please accounting interests. 

We believe that only a total ban on non-audit services will restore the 
independence of the audit, which is crucial for the health of our economy. 

Respectfully,

Jim and Virginia Wagner
4897 East Walnut Street
Westerville, Ohio 43081