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Sarbanes-Oxley News & Developments
2005-07-28 | DaimlerChrysler Hotline in Hot WaterA former administrator of the whistle-blower hotline for the company claims that corporate auditors suppressed some claims of theft and fraud and did not investigate others.
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2005-07-28 | Ex-CFO of WorldCom to Forfeit EstateLike Bernard Ebbers before him, Scott Sullivan has agreed to relinquish most of his assets toward the settlement of a shareholder lawsuit.
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2005-07-28 | Sallie Mae Fires Divisional CFOThe provider of student loans also announced that the SEC staff will not recommend any enforcement action against the company or its managers over the accounting errors in question.
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2005-07-21 | Ex-HealthSouth COO Has Charges DroppedFormer president and chief operating officer James P. Bennett was reportedly the only former employee formally charged with insider trading in connection with the HealthSouth scandal.
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2005-07-13 | Ebbers gets 25 yearsFormer WorldCom chief, 63 years-old, could spend the rest of his life in prison.
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2005-07-11 | QSPEs, Derivatives, and FAS 140FASB plans to require that, in order to receive sales accounting treatment, a qualifying special purpose entity should be subject to revenue recognition tests only at the time a deal involving derivative securities is made, not on an ongoing basis.
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2005-07-11 | PCAOB Probing Deloitte AuditFirst formal investigation of a Big Four firm by the accounting regulator is inadvertently disclosed by the SEC.
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2005-07-07 | AIG Names Levitt as AdvisorThe former SEC chairman will make recommendations on potential nominees to the board as well as on board procedures, structure, and governance issues.
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