E&Y to Resign as Selectica Auditor
Software vendor identifies material weaknesses in its internal controls in five accounting areas.
Cox Pledges Support for Options Rule
SEC chairman nominee also calls vigorous enforcement of securities laws his ''top priority.''
PCAOB Toughens Independence Rules
The accounting firm watchdog also approved a standard that guides auditors on reporting whether a previously reported material weakness continues to exist.
Judge May Lighten Cendant Prison Term
Restitution by former vice chairman E. Kirk Shelton, on the other hand, may amount to billions of dollars.
Sallie Mae Fires Divisional CFO
The 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.
Unions Reportedly Abandoning AFL-CIO
The departure of the SEIU and the Teamsters would be part of the biggest split in the labor movement since the 1930s.
BriteSmile Auditor Resigns
Deloitte and Touche parts ways with the teeth-whitening company less than a month after the resignation of BriteSmile chief executive officer Gregg Coccari.
Wells Notices for RenaissanceRe Execs
Possible civil actions are connected to an SEC investigation into the reinsurer's restatement for 2001 to 2003.
Utility Sued over Pension Conversion
At Southern California Gas, the company's switch from a traditional plan to a cash-balance plan is at the center of age-discrimination claims.
Concern for KPMG Extends to E.U.
Regulators in Europe, like their counterparts in the United States, don't want to see the Big Four shrink to a Big Three.
Morgan Stanley CEO Drops Pay Guarantee
Revised contract will base John Mack's compensation solely on the firm's performance rather than an industry benchmark.