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Sarbanes-Oxley News & Developments

2004-11-30

American Express Fires Ernst & Young

The financial-services giant parts with its long-time auditor to take up with PwC.

2004-11-29

The High Costs of Sarbox Compliance

Companies are being hit with a surge in costs stemming from their efforts to comply with the Sarbanes-Oxley Act.

2004-11-28

More struggles of CFOs with Section 404 of Sarbanes-Oxley

In a recent survey companies had completed less than 60% of preparations for meeting Section 404 requirements.

2004-11-19

Where Material Weaknesses Really Matter

Some experts believe that during the 2005 annual-report season, many companies may be required to report material weaknesses in their internal controls -- and that those disclosures will hurt those companies credit ratings and share prices.

2004-11-19

Accelerated-Filing Deadlines Postponed

The SEC will allow preparers more time to comply with Section 404 of the Sarbanes-Oxley Act.

2004-11-19

Whistle-blowing Controller Is Rehired

According to OSHA, the former Trane Corp. finance executive was fired in violation of the Sarbanes-Oxley Act and must be reinstated with back pay.

2004-11-15

Sarbox 404 Goes into Effect Tomorrow

The deadline for testing and auditing internal controls is here, and companies are far from prepared.

2004-11-11

Sarbox Support Groups

Can we talk? Ad-hoc groups of financial executives compare notes about Sarbanes-Oxley compliance issues.

2004-11-11

SunTrust Fires Three Finance Executives

Sun Trust also reassigns its controller after an audit committee investigation uncovers critical errors in accounting for bad loans at the bank, and internal control problems.

2004-11-11

Three Companies Probed On Bribe Charges

Bristol-Myers, Lucent Technologies, and DaimlerChrysler are being investigated for possible violations of the Foreign Corrupt Practices Act.

2004-11-09

Conference Calls Can Air Dirty Laundry

Companies are increasingly concerned that as conference calls become more open to the public, they could be disrupted by callers who are not who they say they are, or have questions that are not related to the discussion.

2004-11-09

Inventory Foul-up for Bar-Code Company

Symbol Technologies is not quite ready to put its years-long accounting troubles behind it.

2004-11-08

The Telephone Game

Along with each call about financial fraud, company whistle-blower hotlines take dozens of calls on everything from gripes about co-workers coming in late to complaints from workers who say they are underpaid.

2004-11-03

Laggards Warned on Sarbox 404 Compliance

Will investors punish those businesses that are not in full compliance with the 404 provision of Sarbanes-Oxley?

2004-11-02

Auditor Pleads on Document Cover-up

Goal was seemingly to avoid being 'second-guessed' for failing to recognize red flags at a company that he had audited.

2004-11-01

Retired general backs Halliburton whistleblower

Allegations of racism, sexism at Corps of Engineers

2004-11-01

Updates: Marsh, Disney, Halliburton

Marsh reveals pay pkg: Whistleblower at Halliburton: Disney & shareholder voting proposal.

2004-11-01

SEC Probes DaimlerChrysler Bribe Charge

A whistleblower in the audit department reportedly claimed that he was fired after telling senior officials about corruption at the company.


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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?

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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