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Sarbanes-Oxley News & Developments

2004-10-27

EDS Filing Delayed / KPMG Needs More Time

The postponement in connection with an impairment evaluation suggests that auditors, under pressure to report accurately, might be getting tougher with their clients.

2004-10-27

Big Data Issues at Smaller Companies

Many small and midsize businesses are not backing up their data at all.

2004-10-25

Judge Orders $63 Million Conseco Payback

Such loans are now prohibited under Sarbanes-Oxley, which was passed in 2002.

2004-10-22

Splitting Top Jobs Pays, Says New Study

Companies that separated the chairman and CEO positions during the past 10 yrs enjoyed an average annual return of 22%.

2004-10-21

Two Trials for Kenneth Lay

Lay asked to be tried separately from his onetime CEO and the former top accountant for Enron.

2004-10-21

IPOs at the Crossroads

'In this day of Sarbanes-Oxley oversight and regulation, the cost of going public is $4 million, even for the smallest companies.'

2004-10-20

Bumper Crop of Corporate Probes

A reminder of the value of legislation like the Sarbanes-Oxley Act.

2004-10-19

Updates: Tyco, Fannie Mae, Allstate

Kozlowski and Swartz want insurer to pay their legal bills; SEC upgrades its probe of Fannie Mae; Allstate adds up claims from the hurricane season; more.

2004-10-19

Rite Aid Exec, 76, Gets 10 Years in Prison

Franklin Brown had faced a jury at trial rather than cooperate with investigators.

2004-10-19

Nonfinancial Measurements Fall Short

'It takes more than tracking financial performance to properly mind the store.'

2004-10-14

Director Pay Rising with Responsibility

Total compensation for board members surged between 20 and 35% last year.

2004-10-14

Taxpayer Beware

Expect fewer tax audits of individuals and smaller companies and more audits of larger companies.

2004-10-14

KPMG Pays $115 Million to Settle Suit

Stemming from the collapse of software company Lernout & Hauspie Speech Products NV.

2004-10-14

SEC Settles with Ahold, Execs

The SEC alleged that Ahold overstated net sales by about $30 billion for fiscal years 2000 through 2002.

2004-10-08

Charges for Former Peregrine Execs

'The indictment charges these defendants with a massive conspiracy that had at its core one corrupt goal: to hit the numbers quarter after quarter, no matter what.'

2004-10-08

Are Auditors and CFOs Growing Apart?

'Part of it is that they want to stay independent,' says one finance chief, 'but part of it is that everyone is a little bit gun-shy.'

2004-10-07

Credit Default Swaps: Who is Doing What?

Critics worry that the asymmetry inherent in credit default swaps contains the potential for serious abuse.

2004-10-07

First Parmalat Indictments Handed Up

Two former auditors have become the first defendants indicted for their alleged roles in the accounting scandal.

2004-10-07

Guilty Plea for Another Ex-Enron Exec

Former assistant treasurer for Enron Corp., pleaded guilty on Tuesday to conspiracy to commit securities fraud.

2004-10-06

IT Security Starts Between the Ears

Human error can undo almost any firewall or safeguard.

2004-10-05

Even for Europe, Two Sets of Standards

Banks will have a choice between two sets of rules for hedge accounting for derivatives.

2004-10-01

CFO Banks on Bankruptcy

The regulatory demands of the Sarbanes-Oxley Act have convinced boards to put a premium on keeping or attracting good CFOs.


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The View from the Other Side
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Capital Markets Report Urges 404 Fixes
A panel says changes in the way Sarbanes-Oxley has been applied will improve the competitiveness of the U.S. capital markets.

Wal-Mart Whistleblower Drops Lawsuit
Former executive still has a whistleblower case pending before the Labor Department.

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The View from the Other Side
Can IT live up to the expectations for governance, compliance, and revenue generation of a CFO?


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