Snow: SEC Should Decide on 404
Asked about legislation that would roll back portions of the controversial provision and exempt many companies from its requirements, the Treasury Secretary looks instead to controlling its costs.
Fed: Hedge Funds Get Too Much Credit
In a sign of growing concern, the president of the New York Federal Reserve calls on banks to tighten up their lending to hedge funds.
SEC’s Taub Warns On Structured Transactions
The SEC continues to cast a jaundiced eye on structured transactions. If there's no economic purpose, then "don't be involved," acting SEC chief accountant Scott Taub told companies yesterday.
SEC Chief Accountant Defends 404
Admits SEC's cost estimates were "way off," but says companies are likely testing too many controls. He also says the concept of different rules for smaller companies is "difficult."
It's increasingly difficult for CFOs to reduce their financial exposure to their own companies — even if they should.
Court: Royal Ahold Scandal Was CFO’s Fault
The food giant's finance chief ignored serious weaknesses at a U.S. company he acquired to meet growth targets, a Dutch court charges.
Deemed If You Don’t
U.S. multinationals may have a new way to avoid tax on foreign collateral, if a financing arrangement by Huntsman Corp. passes muster.
Diminishing Returns for Outsourcing?
The benefits may be harder to come by than is widely assumed, and they could become even more elusive if a new international rule is embraced by the Financial Accounting Standards Board.
Sitting Tight: The 2005 Capital Spending Scorecard
Our second annual capital spending scorecard shows that many, if not most, companies have reason to be wary about new spending.