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Sarbanes-Oxley News & Developments
2006-02-28 | Securities Firms Bemoan Compliance CostsTrade group attributes a dramatic rise in costs to duplication of examinations, regulations, and supervisory actions; inconsistencies or lack of harmonization in rules and regulations; ambiguity; and delays in obtaining clear guidance.
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2006-02-28 | KPMG Partners Settle Xerox ChargesThe settlements, which include the largest penalties ever imposed on individual auditors, 'reflect the seriousness with which the SEC regards the responsibilities of gatekeepers.'
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2006-02-21 | Reporting for Separation of Duties, Sir!To help ensure that current and former employees can not wreak havoc with finance and IT systems, 'companies need to prove to auditors that only the right people have the right access.'
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2006-02-14 | Sarbox Takes a ConstitutionalBy targeting the 'massive unchecked powers,' of the PCAOB a lawsuit also poses a constitutional challenge to Sarbanes-Oxley.
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2006-02-13 | SEC OKs Internal-Control Audit StandardThe rule sets up a voluntary audit engagement in which an auditor would opine between quarters on whether a material weakness still exists for a client.
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2006-02-13 | Conservative Group Challenges Sarbox'The PCAOB and the Sarbanes-Oxley Act raise unconstitutional barriers to needed liquidity, discourage entrepreneurship and innovation, and hinder U.S. competitiveness,' maintains the chairman of the Free Enterprise Fund.
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2006-02-13 | CFOs Seek Sarbox TriageMany would prefer a risk-based strategy of Sarbanes-Oxley compliance that would dispense with the 'checklist' approach and enable them to channel corporate energies toward the most serious problems.
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