Sarbanes-Oxley News & Developments
Go Directly to CashSEC chief accountant Donald Nicolaisen thinks the most important has yet to be proposed: requiring companies to use the direct method to report their cash flow.
Former Charter CFO Pleads GuiltyThe ex-finance chief is the fifth former executive of the broadcasting company to admit playing a role in a fraud scheme to overstate revenue and cash flow.
PwC Chief Cites Sarbox 404 DelaysCEO says that many companies will have failed to comply with the internal-controls provision or dug up a material weakness large enough to cause a misstatement.
Guccione Settles with SECA $1 million dollar accounting problem caused big trouble for the former chief of Penthouse.
SEC Eyes 404 Break for Foreign Issuers William Donaldson said he would be asking his staff to give foreign companies more time to comply with Sarbanes-Oxley internal controls requirements.
Wary Auditors, Clients Worry Fearful of being second-guessed, auditors, executives, and audit-committee members are asking for more rules, the chairman of the accounting standards board says.
Record Number of Restatements in 2004The impact of Sarbanes-Oxley Section 404 was one of the most significant factors to affect financial reporting last year, according to a new report.
Sarbox and IT: The Long HaulMany CFOs are still looking for long-term solutions to ensure that their control structure remains effective as their organizations grow and change over time.
Nearly 600 Reports of Control WeaknessesLast month alone, 56 companies disclosed material weaknesses or significant deficiencies in internal controls, compared with just 14 companies a year earlier.
Across the BoardSpurred by regulatory change, directors and CFOs forge a new relationship.
Nortel: Finance Made Us Do ItThe 'tone at the top' conveyed the message that earnings targets could be met through application of accounting practices that were not in compliance with GAAP.
Six Indictments in AOL-PurchasePro DealsThe individuals were accused of engaging in a scheme to artificially inflate revenue reported to the SEC through secret side deals, back-dated contracts, and revenue swaps.
Andersen Appeal Reaches Supreme CourtIf the former accounting giant wins its appeal, it will be a victory in name only, but regulators seemed to have learned a hard lesson from the Andersen collapse.
New Highs Expected for Q4 EarningsEven though earnings growth slowed down relative to the first three quarters, 2004 will probably wind up the best year for operating earnings since 1988.
Look Both Ways: In with a Roar?Tame CPI levels have kept companies wary of a squeeze in margins, but consumer confidence is high. Will consumer spending follow?