SEC Passes ”Trade-Through” Rule
Both issuers and investors, however, may face some turbulent times as the New York Stock Exchange makes a transition to a hybrid trading model.
PCAOB Prepares to Ramp Up Inspections
While the inspection team has doubled in the last year, to 120 people, the accounting regulator is still looking for personnel to manage the increased workload.
For Auditors’ Eyes Only
Why audit committees should ask for confidential information on the quality-control systems of their companies' audit firms.
How Kmart Grew 404 Compliance at Home
Instead of relying on internal auditors and consultants to test internal controls, the retailer put management in charge from the start.
Siebel’s Unspeakable SEC Challenge
Twice charged with Reg FD violations, the business software maker is defending itself in court by claiming its First Amendment rights.
CFO Whistleblower Reinstated by Court
An administrative law judge rules that the finance chief should get his job back, plus back pay and damages.
Judge Keeps E&Y Papers Private
A bankruptcy court judge rules that potentially damaging documents against the Big Four firm won't be made public. Separately, E&Y prevails in a shareholder class-action case that questioned its audit of Clarent Corp.
SEC Probes Alcoa, Howard Stern Guest
The aluminum producer is questioned about trade payables. In other commission news, a celebrity gossip reporter is probed over possible insider trading, and a Sarbox 404 roundtable is slated for April 13.
Cities Mull Cost-Cutting Mergers
Expected reductions in federal and state aid have more cities considering deals to merge with surrounding counties.
No Penalty Box for Hockey’s Credit
The teams will be slightly larger credit risks following the cancellation of the National Hockey League season, according to Moody’s. But over the long run, the league could see improvements in its credit quality.
IRS Unveils Amnesty for Tax-Shelter Abuse
Executives who employed a tax-saving scheme to hide stock-option gains have something to smile about.