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Sarbanes-Oxley News & Developments

2005-03-30

Supreme Court: Age bias need not be deliberate

The ruling means that older workers now have less of a burden to raise their claim in court when suing under federal law.

2005-03-29

SEC on Options: Your Results May Vary

Report says commission will grant leeway in the valuing of employee stock options.

2005-03-26

SEC Hits Flowserve with Reg FD Charges

The case is the first involving an earnings reaffirmation and the first settled action against a director of investor relations.

2005-03-24

Smaller than a Sarbox?

Sometimes the difference between a big company and a small one can be revealed in the simplest of acts, like writing a check.

2005-03-24

Court Upholds Sarbox Escrow Rule

An appeals court agrees that the SEC can freeze 'extraordinary payments' to executives accused of committing fraud.

2005-03-23

Five Dozen Companies Seek Filing Delay

Many cited issues related to documenting their internal controls as required by Section 404 of the Sarbanes-Oxley Act.

2005-03-23

Sarbox Costs, Board Independence Rise

Companies have found that Sarbanes-Oxley compliance costs have surged in the past year.

2005-03-17

Ebbers Conviction: Look to the CFO

Former WorldCom chief financial officer Scott Sullivan was the only witness to implicate Bernard Ebbers directly.

2005-03-17

Ernst & Young Lawsuit Will Proceed

Plaintiffs reportedly assert that E&Y failures enabled now-bankrupt Tower Air to misstate its earnings.

2005-03-16

Ebbers Found Guilty on All Charges

Eight of the nine counts carry a maximum prison sentence of 10 years each.

2005-03-14

Weaknesses Delay Interpublic Filing

Companies may have improperly consolidated results of acquired companies.

2005-03-14

How Kmart Grew 404 Compliance at Home

The retailer put management in charge from the start.

2005-03-11

Who Determines International Standards?

The European Union reportedly wants to play a larger role in setting international accounting standards, which would diminish the influence of the US.

2005-03-08

Four More Banks in WorldCom Settlement

Lehman Brothers, Credit Suisse First Boston, Goldman Sachs, and UBS agreed to pay a total of about $100 million.

2005-03-07

Whistle-Blower Wins Key SOX Ruling

With the fast-approaching mid-March deadline for new SEC filings looming, public company executives will soon be personally signing off on their financials, many for the first time.

2005-03-07

Delphi CFO Resigns Amid Accounting Woes

Vice Chairman and CFO Alan S. Dawes has resigned.

2005-03-04

Smaller Companies Get 404 Reprieve

The compliance deadline for non-accelerated filers, as well as foreign companies that trade on U.S. exchanges, has been pushed back to July 2006.

2005-03-03

Small-Business 404 Bill: $3M per Company

July 15: The deadline for many companies to comply with Section 404 of the Sarbanes-Oxley Act.

2005-03-02

Automakers Steered Toward New Accounting

The SEC wants the companies to show that the cash flows from dealer financing and leases come not from investment, but from operations.

2005-03-02

Gannett Dismisses PwC after 28 Years

The media giant believes that it is 'good corporate governance to every so often change accountants.'


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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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