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Sarbanes-Oxley News & Developments
2006-04-28 | Ready or Not, XBRL is ComingThe SEC and FASB are gearing up for XBRL, suggesting it is only a matter of time before its use becomes mandatory.
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2006-04-28 | Q&A: Harvey Pitt on 404Former SEC Chair Harvey Pitt comments on how to make SOX 404 work for smaller companies without exempting them.
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2006-04-26 | Two Studies Give 404 Its DueOnly six companies out of 300 large year-end filers reported ineffective controls in their second year of compliance with the contentious provision of Sarbanes-Oxley
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2006-04-26 | Cox: "My Goal Is to Make 404 Work"Sarbanes-Oxley can be made to work for smaller companies, and U.S. capital markets need not fear competition from less-regulated countries, SEC Chairman Christopher Cox told Congress Tuesday.
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2006-04-26 | Uncle Sam Seeks Accounting BreakThe Treasury Department, responsible for compiling the consolidated financial statements of the government, is hoping to amend GAAP to make it a little easier to pass an audit.
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2006-04-26 | PCAOB Censures California AuditorAccounting regulator says Reuben E. Price & Co. failed to act after a client falsely claimed its annual report had been audited by Price.
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2006-04-18 | What Enron Analysts Knew, and WhenProsecutor Sean Berkowitz and former Enron CEO Jeffrey Skilling were at odds Monday afternoon over what analysts knew about the financial health of the company, and when they knew it.
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2006-04-14 | Conspiracy against 404 Exemptions?A member of the small business committee of the SEC charges that a former SEC official is orchestrating public opposition to 404 exemptions.
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2006-04-12 | Why Leave 404 to Your Auditors?At an SEC committee meeting on small businesses, one member suggests companies ought to be able to put the attestation of their internal controls out to bid.
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2006-04-11 | Sunterra Whistle-blower Timing DisputedGrant Thornton, dismissed in March as the auditor for the company, maintains that for several months, it had no knowledge of an E-mail alleging accounting irregularities.
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2006-04-11 | CFO Whistle-blower Still in LimboSarbanes-Oxley 'is certainly not working in terms of reinstatement,' says the attorney for a onetime finance chief who refused to certify financial statements for his company.
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2006-04-11 | A Final Cry for ReliefOne CFO says section 404 of Sarbanes-Oxley put a stressed out employee in the hospital. A teleconference Wednesday marks the last chance for small companies to air such complaints.
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2006-04-05 | Audit Fees Drop, for SomeThe sophomore jinx was lifted for some big companies as 25 of them reported lower audit fees in their second-year of Sarbox compliance. Other companies are still on an upward trajectory.
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2006-04-03 | Coming Clean about BriberyBecause of their need to comply with Sarbox internal-controls rules, companies are spotting and reporting more violations of the Foreign Corrupt Practices Act.
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