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Sarbanes-Oxley News & Developments
2005-01-28 | Go Directly to CashSEC chief accountant Donald Nicolaisen thinks the most important has yet to be proposed: requiring companies to use the direct method to report their cash flow.
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2005-01-28 | Former Charter CFO Pleads GuiltyThe ex-finance chief is the fifth former executive of the broadcasting company to admit playing a role in a fraud scheme to overstate revenue and cash flow.
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2005-01-28 | PwC Chief Cites Sarbox 404 DelaysCEO says that many companies will have failed to comply with the internal-controls provision or dug up a material weakness large enough to cause a misstatement.
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2005-01-26 | Guccione Settles with SECA $1 million dollar accounting problem caused big trouble for the former chief of Penthouse.
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2005-01-26 | SEC Eyes 404 Break for Foreign Issuers William Donaldson said he would be asking his staff to give foreign companies more time to comply with Sarbanes-Oxley internal controls requirements.
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2005-01-25 | Wary Auditors, Clients Worry Fearful of being second-guessed, auditors, executives, and audit-committee members are asking for more rules, the chairman of the accounting standards board says.
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2005-01-21 | Record Number of Restatements in 2004The impact of Sarbanes-Oxley Section 404 was one of the most significant factors to affect financial reporting last year, according to a new report.
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2005-01-19 | Sarbox and IT: The Long HaulMany CFOs are still looking for long-term solutions to ensure that their control structure remains effective as their organizations grow and change over time.
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2005-01-17 | Nearly 600 Reports of Control WeaknessesLast month alone, 56 companies disclosed material weaknesses or significant deficiencies in internal controls, compared with just 14 companies a year earlier.
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2005-01-17 | Across the BoardSpurred by regulatory change, directors and CFOs forge a new relationship.
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2005-01-12 | Nortel: Finance Made Us Do ItThe 'tone at the top' conveyed the message that earnings targets could be met through application of accounting practices that were not in compliance with GAAP.
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2005-01-12 | Six Indictments in AOL-PurchasePro DealsThe individuals were accused of engaging in a scheme to artificially inflate revenue reported to the SEC through secret side deals, back-dated contracts, and revenue swaps.
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2005-01-10 | Andersen Appeal Reaches Supreme CourtIf the former accounting giant wins its appeal, it will be a victory in name only, but regulators seemed to have learned a hard lesson from the Andersen collapse.
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2005-01-04 | New Highs Expected for Q4 EarningsEven though earnings growth slowed down relative to the first three quarters, 2004 will probably wind up the best year for operating earnings since 1988.
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2005-01-03 | Look Both Ways: In with a Roar?Tame CPI levels have kept companies wary of a squeeze in margins, but consumer confidence is high. Will consumer spending follow?
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