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Sarbanes-Oxley News & Developments

2006-07-31

PCAOB Alerts Auditors on Backdating

Earlier this month, the SEC and the PCAOB had discussed delivering a one-two regulatory punch aimed at curbing backdating violations.

2006-07-31

Ebbers Loses Appeal: Faces 25 Years

Ruling comes on the heels of SEC decision to waive disgorgement payments for former WorldCom CFO Scott Sullivan.

2006-07-31

When Is Backdating a Crime?

The burden will be on DoJ prosecutors to prove Brocade executives deliberately misled investors.

2006-07-31

Happy Birthday, Sarbox!

With compliance costs moderating for bigger companies, the four-year-old Sarbanes-Oxley Act is starting to seem like less of a terror than it used to be.

2006-07-14

Where is the Relief from COSO?

Small businesses question whether new COSO guidance will reduce audit costs.

2006-07-14

How Regulation Drives up Insurance Costs

Why should companies care who regulates their insurers?

2006-07-12

Will COSO Small Biz Guidance Really Help?

COSO unveils principles-based guidance that it claims will reduce compliance burdens for smaller companies.

2006-07-11

SEC: More Questions than Answers on 404

In its first response to public companies since a heated meeting last May, the SEC issues an extensive list of questions about Sarbox 404.

2006-07-11

"NatWest Three" Head to US for Trial

After futile efforts to fight extradition, three British bankers will fly to Houston this week to face fraud charges related to Enron. Their cause is creating a stir in British business and political circles.

2006-07-11

Cox, FASB Differ on Transparency

The draft of the FASB new "conceptual framework" that would form the basis for public company accounting spells out a different theory of transparency than one described by SEC Chairman Christopher Cox.

2006-07-07

Feds Back Sarbox Whistleblower

David Welch, former CFO turned Sarbox whistleblower, now has the "flag and seal of the United States" on his side in his battle with Cardinal Bankshares, his attorney says.

2006-07-07

ABB Employees Settle Bribery Charges

A vice president of finance and three other ABB employees agree to settle SEC charges that they violated the Foreign Corrupt Practices Act.

2006-07-07

Merrill Lynch Settles with Enron

The "MegaClaims" complaint involves claims that banks aided and abetted breaches of fiduciary duties by the ill-fated energy company.

2006-07-05

Former Enron Chairman Kenneth Lay has died - record clear.

Under the "abatement doctrine," the death of former Enron Chairman Kenneth Lay wipes both his conviction and indictment from the criminal record, complicating civil suits against his estate.


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The View from the Other Side
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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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The View from the Other Side
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