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Sarbanes-Oxley News & Developments

2006-06-28

Cardinal Refuses to Reinstate CFO

In the first Sarbox whistleblower case to go to trial, Cardinal Bankshares blocks CFO from reinstatement until a final order comes through.

2006-06-23

Brits May Face Enron Charges in U.S.

Three former NatWest bankers have argued that standing trial in Houston, where Enron is based, would be unjust and incompatible with European human rights law.

2006-06-23

CFOs Report Hefty Post-Sarbanes Hiring

Respondents to a new survey also overwhelmingly support the Enron verdicts and propose sentences of 20-plus years.

2006-06-22

Ex-CEO Pleads to Sarbox 302 Violation

Joseph Micatrotto received a $65,000 payment from a vendor so he could pay off a personal debt, then failed to disclose this payment in the annual report of the company.

2006-06-20

House Subcommittee Hears 404 Laments

Testimony cited an exodus of issuers to exchanges outside the US as well as the Sarbox disproportionate effect on smaller companies.

2006-06-20

SEC: No "Backdoor" Regulation for Europe

The SEC reassures European firms that mergers between U.S. and foreign exchanges will not automatically export Sarbanes-Oxley and other American securities laws overseas.

2006-06-20

Job Picture Bright for Finance, Accounting

'Demand is especially high' for individuals with SEC reporting experience, according to a new survey.

2006-06-20

HealthSouth Ex-Controller Gets Eight Years in Prison

Despite testifying against former CEO Richard Scrushy, Hannibal Crumpler receives the longest sentence of any executive implicated in the HealthSouth scandal.

2006-06-20

The Cost of Being Public

A new study calculates that compliance and governance costs eased this year for companies of all sizes, though they remain much higher than they were before Sarbanes-Oxley.


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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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