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CTIA acknowledges that " [ t ] he cost recovery landscape certainly has changed " since the time of the Commission 's original decision , and USTA acknowledges that " [ t ] hese actions [ by the government ] provide carriers and manufacturers with the ability to implement CALEA by cost-effective methods . Regulation S-X also requires accountants to comply with GAAS , which brings the profession 's own independence requirements within the ambit of the Commission 's regulatory framework . As we now show , none of the new comments excuses the deficiencies in the J-Standard , and none calls into question the appropriateness of the Commission 's original measures to correct those deficiencies . At the end of this calendar year , we should complete the construction of the Commission 's alternate data center , providing further protection against disruption of our infrastructure . We will continue our dialogue with the Europeans on this issue , and are confident that , through a mutual process of " listening and learning , " our European colleagues will be persuaded that U.S. firms satisfy the Directive , by virtue of the Commission 's regulatory regime . At the end of this calendar year , we also should complete the construction of the Commission 's alternate data center , which will help prevent any future disruption . Today I would like to discuss some of the Commission 's recent actions and initiatives implicating investment adviser compliance issues . In my testimony , I will outline : ( 1 ) our aggressive rulemaking agenda - which has immediately tackled late trading and market timing abuses ; and our extended efforts to address broader structural problems in the mutual fund regulatory framework ; ( 2 ) our vigorous inspection and enforcement efforts ; and ( 3 ) the restructuring of the Commission 's overall internal functions and operations to better assess and anticipate risk , particularly vis-a-vis the mutual fund industry . " Personnel in the new task force have been responsible for pursuing the agency 's actions in some of the Commission 's recent notable cases , including baby food ( Heinz / Beech Nut ) , pet food ( Nestle / Ralston Purina ) , and distilled spirits ( Diageo / Vivendi ) , " Simons said . His appointment ensures both the continuation of that program as well as the ongoing success of the Commission 's overall enforcement activities . But before we get into the nuts and bolts of the Commission 's recent SABs , the message that I want to send to you today is that CFOs and auditors must focus attention and resources on the critical area of internal accounting controls .