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Sarbanes-Oxley News & Developments

2006-05-30

TV Azteca Execs Propose Settlement

The SEC lawsuit was reportedly the first brought under Sarbanes-Oxley against an executive of a foreign company.

2006-05-30

Battle Lines Drawn on Executive Pay

A House bill would require shareholder approval for corporate compensation policies.

2006-05-26

Lay, Skilling Guilty

A Houston jury Thursday found former Enron executives Kenneth Lay and Jeffrey Skilling guilty of multiple counts of securities fraud, conspiracy, and other charges.

2006-05-20

Snow: SEC Should Decide on 404

Asked about legislation that would roll back portions of the controversial provision and exempt many companies from its requirements, the Treasury Secretary looks instead to controlling its costs.

2006-05-18

Lay-Skilling Case Goes to Jury

The fate of former Enron executives Kenneth Lay and Jeffrey Skilling is in the hands of the jury.

2006-05-18

SEC Takes a Stand on 404

The SEC has said that "ultimately all public companies will be required to comply with the internal control reporting requirements of Section 404."

2006-05-17

Sarbox Rollback Bill Introduced

Lawmakers have introduced a bill to partially roll back Section 404 of the Sarbanes-Oxley Act.

2006-05-15

Union Lawyer, Midcap CFO Clash on 404

Workers want strong assurances that all companies have strong controls, while small companies call for a compliance break.

2006-05-15

GAO Eyes "Targeted, Limited" 404 Relief

Concern is also with a lack of clarity in recent recommendations by the Advisory Committee of the SEC on Smaller Public Companies.

2006-05-04

The Second Time Around

Reported declines in compliance costs are likely to temper conflicts between companies and their auditors at the roundtable this year on Sarbox 404.

2006-05-04

Gloomy Skies for Sunterra

A former employee alleged accounting irregularities.

2006-05-04

PCAOB: Auditor Judgment Under Scrutiny

Responding to corporate complaints, the PCAOB says inspections of audit firms this year will examine whether audits were cost-effective and properly focused on controls that posed the greatest risks.

2006-05-04

SEC Chief Accountant Defends 404

The concept of different rules for smaller companies is "difficult."

2006-05-02

Panels on 404 Skirt Small-Company Woes

Sponsored by the SEC and the PCAOB, the May 10 roundtable will only focus on second-year compliance experiences.


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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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