SEC Charges Three Enron Executives
A former accountant and two executives are accused of involvement in a fraudulent deal to manipulate Enron's publicly reported earnings.
DoL Sues Agway Directors on 401(k)
The bankrupt company is accused of overvaluing and overpaying its stock price in its defined-contribution plan.
Should Internal Audit Report to the CFO?
Moody's recommends that the chief internal auditor report to the CEO and the audit committee, not the CFO.
CFOs on the Move
Boston Communications Group, Conversion Services International, Bovie Medical Corp., RHEI Pharmaceuticals, SolarWinds, NWP Services Corp., MAP Pharmaceuticals, Presidio Financial Partners, DPR Construction, Dalrada Financial Corp., Saleen.
CFO Act Agencies’ Reporting Lags
It's been 10 years since the Federal Financial Management Improvement Act was passed, and most government agencies are not meeting its requirements.
Ex-Enron Exec Gets Probation
More than a week after Fastow's sentencing, Paula Rieker is the second former Enron heavy to receive lenient sentencing.
Rewriting AS2 Tops PCAOB’s To-Do List
The PCAOB's top priority is its revision of AS2, the controversial auditing standard blamed for soaring Sarbanes-Oxley 404 compliance costs. The board also plans to re-examine how auditors assess risk.
CFOs on the Move
Eastman Kodak, Equifax, Appleton, Airgas, Green Plains Renewable Energy, AGA Medical, FacePrint Global Solutions, The Progressive Corp., Burr Wolff, InforMedix Holdings, Oversee.net, Westec InterActive, Canadian Pacific Railway.
The Good and Bad About XBRL’s Future
The setup costs for XBRL is relatively low, but without the proper user tools, regulatory filings can turn into "gibberish."
Companies Could Face Charges for Spying
California's attorney general is expected to bring indictments against five of the people tied to the HP scandal.
CFOs: Kerry’s Sarbox Relief Bill Not Enough
Former presidential candidate John Kerry has introduced a little-noticed Sarbox relief bill for small companies, but CFOs of such firms say the senator's legislation isn't a fix.