Recent SOX Headlines
Thursday, September 13th, 2007Whistle-blowers remain in the line of fire - When the Securities and Exchange Commission came under congressional fire this year for its handling of an insider trading probe into hedge fund Pequot Capital, Senator Charles Grassley said the episode showed that whistle-blowers were "as welcome as a skunk at a picnic".
Enron’s Skilling Seeks New Trial - Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and "coercive and abusive tactics" to win a conviction.
Executives Say Corporate Responsibility Can Be Profitable - Company executives believe that corporate responsibility programs can positively impact their business and help achieve strategic goals, according to a survey of more than 500 business executives conducted by Grant Thornton LLP.
Women Take A Seat On The Board - Headhunters thought the Sarbanes-Oxley Act would force boards to look for women outside the executive suite, since the law limits the number of directorships insiders can hold.
CSC Restates Results After FIN 48 - Computer Sciences Corp. said it would restate its fiscal 2007 results after examining the impact of FASB Interpretation No. 48, or FIN 48, and discovering accounting errors for fiscal 1997 through 2007.
Fragmentation, weak risk management pose risks to Indian banking sector - S&P - The banking sector in India is highly fragmented, with 53 domestic banks accounting for about 93 pct of the system’s assets. Risk management is still largely a work in progress, although significant improvements occurred in the past decade.
Deloitte Consulting Survey - CFOs Worried About Availability of Future Finance Leaders and Talent
Off to School, in a Corporate Jet - Some high school students will be making their way back to school this week on a bus, or, if they are lucky, in their very own car. But the stepdaughter of Edward Mueller, the new chief executive of Qwest Communications, has a much fancier option.
The Six Signs of Internal Fraud - There are six signs in all organizations. By understanding them and looking for them, we significantly improve our chances of detecting and reporting fraud.
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