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Sarbanes-Oxley News & Developments
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.
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2005-06-22 | Give Little Guys a Break, SEC ToldSmaller companies need more flexibility to cope with the heavy costs and compliance demands of Sarbanes-Oxley, say a number of finance executives.
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2005-06-20 | Rethink Off-Balance-Sheet Reporting: SECOne 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.
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2005-06-20 | Kozlowski and Swartz ConvictedThe former Tyco executives were found guilty of grand larceny after four months of testimony and 11 days of deliberations.
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2005-06-14 | TXU Settles Whistle-Blower CaseA former vp filed suit two years ago, claiming he was fired after questioning accounting practices and overly aggressive earnings management.
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2005-06-13 | Take-Two, Executives Settle with SECThe 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.'
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2005-06-10 | HealthSouth to Pay $100M in SettlementThe 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.
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2005-06-10 | New Problems, New Shakeups at DelphiDisclosure 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.
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2005-06-09 | SEC Charges Former Fischer ExecsThe commission alleges that the former CEO and two former CFOs improperly boosted revenue by $45 million over a three-year period.
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2005-06-06 | Saks Discloses Further InquiryIts 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.
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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.
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2005-06-01 | SEC Chairman Donaldson to ResignAfter two-and-one-half turbulent years as head of the commission, William Donaldson will step down at the end of this month.
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2005-06-01 | Supreme Court Reverses Andersen VerdictThe 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.
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