197 points | The bill might have looked yellowed and cobwebbed a few weeks ago, but the Senate quickly approved an auditing-accountability bill 97-0. Under the plan, the Securities and Exchange Commission would create an oversight board for auditors with the power to set rules, inspect accounting firms, and discipline wrongdoers, replacing the accounting industry's system of self-regulation. House and Senate negotiators are eager to reconcile the Senate bill with a House bill passed in April. One proposal wasn't loaded on the bandwagon: requiring the cost of executive stock options to be counted as an expense. Coca-Cola's stock rose after its announcement that it would count its options that way. Other major corporations are considering the change, but many high-tech firms aren't eager to follow. Microsoft argued that if it had treated its stock incentives as an expense, its reported profit would have been $5.1 billion, not $7.3 billion, a 30 percent drop.