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Sarbanes-Oxley News & Developments

2004-07-27

Amended Prospectus by GOOG

Will August be the month that dot-com IPOs return to the big time?

2004-07-26

Fewer Mergers, More Acquisitions?

Deal sizes are shrinking

2004-07-23

Postponement Urged for 60-Day Filing

Accelerating filing was planned before Sarbanes-Oxley Section 404 was enacted.

2004-07-22

Simpler Small-Business Tax Compliance

The bill that would "simplify the tax code and reduce compliance burdens placed on small businesses."

2004-07-22

Ernst & Young Fined $1.5 Million

To settle claims that it provided bad advice to 9 hospitals that wound up submitting false claims to Medicare.

2004-07-20

Options Bill Could Face Vote Today

Requiring companies to expense employee stock options.

2004-07-20

Big Severance Packages Mark Recent Deals

Sizable severance packages are alive and well, even after the passage of the Sarbanes-Oxley Act .

2004-07-19

SEC to Expand Environmental Disclosure

The SEC has agreed to make it easier for investors to track environmental liabilities at public companies

2004-07-19

Eleventh Hour for Foreign Auditors

Deadline - today - July 19, 2004.

2004-07-19

Giving Structure to Structured Finance

Some observers have voiced dismay that the Fed and other banking regulators seem unconcerned about the interests of investors.

2004-07-16

Martha Stewart Sentenced to Five Months

Her prison term will be followed by two years supervised probation.

2004-07-16

Former Tyco Lawyer Acquitted

Mark Belnick, former executive vice president and chief corporate counsel found not guilty.

2004-07-16

Take the Lead, Says SEC to PCAOB

When will the PCAOB become "the primary standard-setter and the primary source of advice and guidance" on auditor independence rules?

2004-07-15

Blame Sarbox for Earnings Woes, Too?

Some feel that CFOs and CEOs are spending more of their time and money complying with corporate governance and accounting laws.

2004-07-15

No Vacation from Section 404 Prep Work

Most companies still have a lot more work before they are in compliance with Section 404 of the Sarbanes-Oxley Act.

2004-07-15

Sarbanes-Oxley and Information Management

Organizations have done much more in the areas of information security and paper-based records management than in electronic records management, maintains a new study.

2004-07-13

Steady Expansion for Finance Outsourcing

Over the next five years outsourcing for transaction management, tax management, and general accounting will increase greatly.

2004-07-13

Lea Fastow Begins Prison Term

'She is coming in as nobody, and she is not accustomed to that.'

2004-07-13

Vital Signs Settles with Former CFO

Joseph Bourgart claimed the company improperly booked sales and overstated earnings.

2004-07-13

Morgan Stanley Settles Sex-Bias Suit

The lawsuit had been filed nearly three years ago by the Equal Employment Opportunity Commission on behalf of more than 300 women.

2004-07-12

Finance Chief Departs CSFB

Hits the door two weeks after the ouster of the chief executive.

2004-07-12

Mistrial for Michael Rigas

Acquitted of conspiracy and wire fraud charges; jury could not reach a verdict on 17 counts.

2004-07-12

International Standards Causing a Stir

The new rules will be mandated by the European Union for an estimated 7,000 publicly traded companies.

2004-07-09

Kenneth Lay Indicted on 11 Counts

Lay was handcuffed after surrendering to the Federal Bureau of Investigation on thursday.

2004-07-09

Adelphia Executives Convicted

Founder John Rigas and former CFO Timothy Rigas were found guilty of 18 counts of securities fraud, bank fraud, and conspiracy.

2004-07-09

Name Game - During The First Enron Criminal Trial

A federal judge has denied the request by the prosecution to keep the names of jurors secret.

2004-07-09

CFOs on the Move

Bristol-Myers Squibb; AT&T; Amphenol; City National; Flushing Financial; Shaw Communications; Visual Networks.

2004-07-08

KPMG - CFO Resigns

Prior to becoming CFO, Rosenthal spent two years as vice chairman for tax operations.

2004-07-08

SEC Eyes Pay-to-Play for 401(k)s

The SEC is looking into whether this practice was responsible for plans that ultimately were not in the best interests of participants.

2004-07-08

No Hope For Kenneth Lay

Kenneth Lay surrendered to federal authorities in Houston to face an indictment that will be unsealed today.

2004-07-07

Audit Firms Focusing on Audit Fees

Fees for non-audit services accounted for 42% of total fees in 2004, compared with about 55% in 2003 and 72% in 2002.

2004-07-06

Company Probed by SEC - Audit Committee Once Included Donaldson

This investigation may mark the first time the commission has probed the role played by its own chairman based on his former role as a corporate director.

2004-07-06

Rebirth of the Private Equity Market

The last few years have seen a sharp decline in both the number of partnerships raising capital and the amount of capital raised.

2004-07-06

Compliance Creep

Monthly closes are taking longer, thanks to increases in compliance demands and an internal focus on reliability.

2004-07-05

FASB Might Delay Options Expensing

The board could put off enactment of its rule to buy time to sift through the 7,000 comment letters it has received.

2004-07-01

SEC Intensifies Sonus Probe

The telecom-equipment supplier previously announced that it was reviewing the timing of its revenue recognition.

2004-07-01

KPMG Can Audit MCI, Judge Rules

Fourteen state governments had objected to the audit firm, accusing it of helping the former WorldCom set up an illegal tax shelter.


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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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