NSW: The main stories in today's Sydney newspapers = 3
THE AUSTRALIAN FINANCIAL REVIEW
Page 1: Global accounting regulator criticises lack of transparency of corporate reportingin Australia. Budget cuts force cancellation of ABC programs.
Page 2: Index. News-in-brief.
Page 3: Jobs ads rise, rate cut hopes sink. Unions to fight Qantas random drug testingplan in Industrial Relations Commission.
World: Colin Powell to step down as Secretary of State in second Bush Administrationterm. Australian business sector to test Jakarta's foreign investment "graveyard" reputation.
Indonesia-to-Singapore natural gas pipeline opens. US forces stretched by helicopter shortagesin Afghanistan.
Companies: Telstra executives move to counter Labor's anti-privatisation push. NewmontMining predicts gold to hit $450 an ounce.
Market Wrap: US employment data sends chill across regional markets.
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KEYWORD: FRONTERS NSW 3 SYDNEY

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