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We ask that you don't add to the burden of regulations already imposed on small business by requesting or mandating the imposition of accounting rules on small businesses through their independent auditors and accountants that are excessive and beyond the reasonable needs of our Government.

Senator, I want to thank you for giving me the opportunity to express these views on behalf of the small independent accountants in public practice. If there are any questions that the subcommittee may want to ask, I will try to answer them.

Senator METCALF. Thank you very much, Mr. Passero.

Thank you for bringing along the material as to the laws in the several States. I think the staff has some of that, but it will be a valuable complement to the record. The material will be incorporated in the record.

[The information follows:]

GOVT.
PUBLS,

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