Corporate Compliance Partners Corporate Compliance Partners
 Sarbanes-Oxley News & Developments
Sarbanes-Oxley Bill We Can Help You The Compliance Network About Us

Sarbanes-Oxley News & Developments

2005-06-29

SEC Probing Earnings Guidance at IBM

Regulators may be reexamining how the CFO, and other officials, handled stock-options at the company.

2005-06-29

Three Parmalat Ex-CFOs Are Sentenced

None of the former finance chiefs is likely to serve time in prison, however.

2005-06-29

The 1st CEO charged under the Sarbanes-Oxley Act acquitted on all Counts

Richard Scrushy was acquitted by a federal jury on all 36 criminal counts against him, including conspiracy and securities fraud.

2005-06-28

Feds Turn Tables on Milberg, Weiss

The prominent class-action law firm is the subject of an investigation for fraud and conspiracy.

2005-06-23

Are Private Companies Embracing Sarbox?

Buyers may be willing to pay a premium for companies that have voluntarily brought their internal controls into compliance with Section 404, suggests one observer.

2005-06-22

Give Little Guys a Break, SEC Told

Smaller companies need more flexibility to cope with the heavy costs and compliance demands of Sarbanes-Oxley, say a number of finance executives.

2005-06-21

Paul Atkins from the SEC wants to Back Off Company Fines

The commissioner wants the regulator to pursue individuals, rather than companies and their shareholders.

2005-06-20

SEC Probes Citgo on Employee Tip

SEC joins Venezuelan investigation of Houston oil company.

2005-06-20

Rethink Off-Balance-Sheet Reporting: SEC

One hundred companies moved nearly $8 billion in assets with outstanding liabilities off their balance sheets, according to a recent SEC report. By contrast, retained interests actually reported on balance sheets equaled about $1.6 billion.

2005-06-20

Kozlowski and Swartz Convicted

The former Tyco executives were found guilty of grand larceny after four months of testimony and 11 days of deliberations.

2005-06-15

Whistleblower Communication Recipe Calls for a Good Filter

Now that the audit committees of most large public companies have completed the first round of Section 404 compliance, there is another part of the Sarbanes-Oxley Act that continues to attract their attention.

2005-06-15

AFC Settles, Makes Governance Changes

Derivative lawsuits were related to restatement for fiscal years 2000, 2001, and the first three quarters of 2002.

2005-06-15

Experts Dispute Whistle-Blower Law

A former vice president who says he was fired by Wal-Mart in April because he blew the whistle.

2005-06-14

TXU Settles Whistle-Blower Case

A former vp filed suit two years ago, claiming he was fired after questioning accounting practices and overly aggressive earnings management.

2005-06-13

Take-Two, Executives Settle with SEC

The SEC accused executives of engaging in fraudulent accounting practices designed to inflate revenue, enabling the company to meet earnings forecasts and triggering the payment of 'substantial bonuses.'

2005-06-13

Citigroup to Pay $2B in Enron Settlement

Agreement is the largest related to the bankruptcy of Enron.

2005-06-10

HealthSouth to Pay $100M in Settlement

The payment may be applied toward the "fair fund" provision of the Sarbanes-Oxley Act to compensate investors who lost money on company stock after fraud was discovered in 2003.

2005-06-10

New Problems, New Shakeups at Delphi

Disclosure failures at the auto-parts maker lead to the resignations of treasurer Pam Geller and former vice president of treasury, mergers and acquisitions John Blahnik.

2005-06-09

SEC Charges Former Fischer Execs

The commission alleges that the former CEO and two former CFOs improperly boosted revenue by $45 million over a three-year period.

2005-06-09

Does the Andersen Ruling Open Doors?

Criminal intent, says one attorney, will be a key issue in trials of the former Enron executives.

2005-06-08

Former Gen Re Exec Settles AIG Charges

'The defendant helped to structure a sham transaction designed solely to enable AIG to achieve a specific, and false, accounting result.'

2005-06-08

CVS Agrees to $110 Million Settlement

Settlement is to settle a shareholder lawsuit related to alleged accounting abuses at CVS.

2005-06-06

Saks Discloses Further Inquiry

Its audit committee will look into whether the company improperly assessed 'chargebacks' on merchandise vendors for not complying with the logistics, transportation, or billing policies of the company.

2005-06-06

CFOs to Accounting Grads: 'Think Small'

A new survey reported that nearly half of finance executives say that entry-level accounting professionals should start off at a small or midsized company.

2005-06-03

Former Qwest CFO Pleads Guilty

Insider-trading charges may follow for the former CEO.

2005-06-01

SEC Chairman Donaldson to Resign

After two-and-one-half turbulent years as head of the commission, William Donaldson will step down at the end of this month.

2005-06-01

Supreme Court Reverses Andersen Verdict

The high court found that the instructions from the trial judge were faulty because they did not require proof that Andersen officials knew they were breaking the law.

2005-06-01

GAO Cites SEC for Internal-Controls Gaps

A recent report flunks the commission in three areas: reporting penalties, preparing financial statements, and keeping its data secure.

2005-06-01

Pollution Costs Return to Balance Sheets

A new interpretation of FAS 143 gives companies less flexibility when recording conditional environmental liabilities.


Subscribe to the CCP Report, our free weekly newsletter about SOX! Your Email Address:

 More Resources

More News

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.

All News

Sarbanes-Oxley Act SEC Rules Exchange Rules



The View from the Other Side
Can IT live up to the expectations for governance, compliance, and revenue generation of a CFO?


Sarbanes-Oxley Bill | Are You Compliant? | We Can Help You | About Us
Home | Site Map | Contact Us | Privacy Policy

For more information, please contact us at ccp@answernet.com
AnswerNet © - All rights reserved.