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Ex-KPMG Execs Could Face Crime Charges

Although federal prosecutors recommended earlier this year that the firm itself be criminally charged, senior Justice Department officials worried that another Arthur Andersen-style collapse could ensue.

> > As many as 20 former partners of KPMG LLP could face criminal charges tied to their roles in selling tax shelters in the 1990s.
Many observers fear that a reduction in the number of large accounting firms to three could significantly hurt public companies ability to comply with SEC requirements, especially those under the Sarbanes-Oxley Act.
Source: CFO


Published:2005-08-03
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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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