There is another neat trick here, one that may lead to misleading accounting.

But after the Enron collapse, misleading accounting - an accurate description of the current treatment of stock options - is a no-no, and the lobbyists may be beaten back.

Waste Management Inc. said late today that its problems with misleading accounting went back to 1992, two years earlier than previously announced.

More seriously, the S.E.C. said that Mr. Hecht had allowed his client to submit an incomplete and misleading accounting.

It was she who complained internally about ridiculous and misleading accounting.

More Trouble at Waste Hauler Waste Management said problems with misleading accounting went back to 1992, two years earlier than previously announced.

Along the way there were complaints that he accomplished that with misleading accounting.

Until Friday, the Enron affair seemed to be a scandal focused on lost money, tainted politics and misleading accounting.

That would make life harder for auditors who try to resist misleading accounting.

However, in the same article, the New York Times reported that the examiner's report (Anton Valukas) "did not say that Hudson was involved in the misleading accounting."