Michael Granof, a 1963 graduate of Hamilton and a professor of accounting at the University of Texas at Austin, co-authored an op-ed that appeared in The New York Times (6/28). In "Generally Accepted Accounting Abuses," Granof and co-author Stephen Zeff suggest that in light of recent corporate accounting scandals, more federal oversight is needed. They recommend an outside body, such as the New York Stock Exchange or Nasdaq, appoint an independent panel for each company listed on the exchange. "These groups would work with corporate audit committees to select audit firms and approve fees," the authors suggest.