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Sarbanes-Oxley News & Developments

2005-12-20

Who Should Lead Compliance?

Regulatory compliance is an increasingly visible, data-intensive, and costly management function that requires collaboration among business units, IT, and finance functions.

2005-12-19

Former WebMD CFO, Others Indicted

Practices included so-called round-trip transactions allegedly used to create fraudulent revenues.

2005-12-16

Small Companies May Be Excused from 404

SEC committee votes overwhelmingly that most companies with a market capitalization below $700 million be excused from assessing their internal controls over financial reporting and from having their auditors certify those controls.

2005-12-14

Big Four Look to Limit Liability

Waivers of punitive damages and jury-trial rights are quietly finding their way into audit contracts.

2005-12-12

404 Costs to Drop, Big Four Maintain

After 'start-up and one-time factors' are accounted for, say the firms, the total cost of complying with the thorny Sarbox provision should fall about 40% for companies both large and small.

2005-12-09

SEC to Revisit - One Size Fits All

Advisory committee would also redefine 'small company, which might help more businesses be more competitive.

2005-12-08

Former Hollinger CFO Pleads Not Guilty

John Boultbee faces eight counts of fraud, each of which carries a possible penalty of five years in jail and a $250,000 fine.

2005-12-06

Scrushy Resigns from HealthSouth Board

Last week the company filed its 2004 financials and scheduled an annual meeting for December 29, its first such meeting since 2002.

2005-12-05

Corporate Crime Increases

A new survey also finds that the most common way company officials detect fraud is "by accident."

2005-12-05

Did Complexity Give Rise to Scandal?

Keep it simple.

2005-12-05

PCAOB Cites "Enormous Challenges" of 404

Sarbanes-Oxley challenges were compounded when 'companies needed to make significant improvements in their internal control systems to make up for deferred maintenance.'


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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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