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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| February 04, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FINANCE

Accounting firms back some limits

Big Five firms PricewaterhouseCoopers, Arthur Andersen and KPMG now support plans to prevent them from providing certain consulting services to audit clients. The move comes as the accounting industry strives to regain credibility in the wake of Enron's collapse. The industry fought bitterly against such limits a few years ago. Some critics noted that accounting firms are trying to prevent more sweeping bans.

Andersen assures British clients

The auditing firm sent two letters in the past week to clients to try to allay concerns about the firm's involvement in the Enron debacle. The latest letter reassured clients that despite facing investigation and possible litigation over its role as Enron's auditor, it was doing business as usual.

Japan punishes Morgan Stanley

The nation's top financial watchdog suspended the Tokyo branch of the U.S. brokerage from trading on its own account for 24 business days for violating short-selling regulations. The Finance Ministry also will ban Morgan Stanley from ...

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