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Survey in April - Win BIG! Title: Survey in April - Win BIG!
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Filed in archive by Creative Weblogging on March 31, 2006

We are launching our survey contests today - your chance to win one of three great Hardcover Books. The first book is "The World is flat - brief history of the twenty-first century" written...

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Citigroup sued for insider trading Title: Citigroup sued for insider trading
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Filed in archive Ethics by leon on March 31, 2006

A sensational case in Australia with reports that the corporate cops at the Australian Securities and Investments Commission have filed a civil suit against Citigroup alleging insider trading and...

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KPMG's tax shelters: prosecution under fire Title: KPMG's tax shelters: prosecution under fire
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Filed in archive Accounting by leon on March 31, 2006

So is the US Government guilty of "prosecutorial misconduct" in the KPMG tax shelter case? Certainly that's the line in this report quoting Stanley Arkin, an attorney representing one...

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Pandemic Business: One Flu Over The Cuckoo's Nest (Part 2) Title: Pandemic Business: One Flu Over The Cuckoo's Nest (Part 2)
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Filed in archive risk by leon on March 30, 2006

With researchers into avian flu claiming only partial success with the latest batch of vaccine (it works only half the time and only when given in big doses), Mercer Human Resource Consulting has put...

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Conrad Black Fights On Title: Conrad Black Fights On
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Filed in archive corporate crime by leon on March 30, 2006

Check this Chicago Tribune account about the legal tussle over newspaper tycoon Conrad black's papers.When the Securities and Exchange Commission filed a civil lawsuit alleging Black and his No.2...

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Calling all whistleblowers Title: Calling all whistleblowers
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Filed in archive SOX by leon on March 29, 2006

With material weakness and whistleblowers identified as the two key issues in the post-Sarbanes-Oxley world, it's interesting to read this report in Inc.com about how some companies are using...

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Ernst&Young's brain-fade: The case of the missing laptop Title: Ernst&Young's brain-fade: The case of the missing laptop
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Filed in archive risk by leon on March 28, 2006

Last month, I blogged on a bizarre series of corporate cock-ups, including one where Ernst & Young had gone and lost a laptop containing confidential information of its customers. The list of...

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This restatement is a one-off. For now Title: This restatement is a one-off. For now
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Filed in archive SOX by leon on March 28, 2006

With restatements booming as never before, a new study suggests we are seeing the emergence of "serial restaters".According to the Glass Lewis & Co study, of nearly 2000 public US...

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Warning to small caps: be careful what you wish for Title: Warning to small caps: be careful what you wish for
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Filed in archive SOX by leon on March 27, 2006

If success is about getting what you want, happiness is about wanting what you get.With that in mind, it's worth checking this provocative warning from Thomas A. Basilo, chairman & CEO of...

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The beancounters cash in Title: The beancounters cash in
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Filed in archive Accounting by leon on March 27, 2006

The biggest winners out of Sarbanes-Oxley are the accountants. Back in December, I blogged on how the beancounters were cleaning up.The trend has continued with the starting salaries for accounting...

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Worst business books Title: Worst business books
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Filed in archive strategy by leon on March 27, 2006

Everywhere you look, the bookshelves are getting crowded with modern management books. Some are good, some are just full of platitudinous crap and just a waste of trees. Pretentious and badly...

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Sarbanes-Oxley: time's running out? Title: Sarbanes-Oxley: time's running out?
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Filed in archive SOX by leon on March 24, 2006

With Sarbanes-Oxley now subject to vocal attacks and lawsuits, Paul Sarbanes has come out defending the legislation, saying the critics have it all wrong. In particular, he slates the claim that it...

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More background checks Title: More background checks
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Filed in archive Ethics by leon on March 24, 2006

More US employers are doing background checks on prospective employees, according to a report. The number of checks are up 12 per cent. The worrying news is that half the checks into education and...

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Special rules for the Big Four: You Can Run And You Can Hide Title: Special rules for the Big Four: You Can Run And You Can Hide
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Filed in archive Accounting by leon on March 23, 2006

So all firms are supposed to be transparent under the new corporate governance regime?Yeah right, think again!It seems that some are forced to be more transparent than others. Like the Big Four...

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Things go worse with Coke: Indian farmers Title: Things go worse with Coke: Indian farmers
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Filed in archive corporate reputation by leon on March 22, 2006

Coca-Cola, the world's most famous and powerful brand, is under attack from anti-poverty campaigners, including the War on Want group in Britain.Plenty of action in India. According to a report...

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SOX costs heading south: CEOs Title: SOX costs heading south: CEOs
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Filed in archive SOX by leon on March 21, 2006

Big US companies say sarbanes-oxley compliance costs seem to be declining with 94 per cent expecting them to either remain the same, or decrease for 2006, according to the latest Business Roundtable...

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Forecast Follies Title: Forecast Follies
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Filed in archive Compliance by leon on March 21, 2006

Last month, I blogged on the question of whether quarterly earnings forecasts were about transparency or whether they were just a fool's game that just encouraged appalling short-term-ism.Another...

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Is Sarbanes-Oxley choking innovation? Title: Is Sarbanes-Oxley choking innovation?
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Filed in archive SOX by leon on March 20, 2006

With smaller companies expecting some relief from Sarbanes-Oxley next month, there was some debate on the issue at last week's special session held at the University of California-Berkeley. You...

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Rumsfeld makes a killing Title: Rumsfeld makes a killing
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Filed in archive markets by leon on March 20, 2006

Yes, it's scary. But since last week's entry on bird flu, it's been pointed out to me that the prospect of a bird flu pandemic has been very good for some. Check this report on US...

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Pandemic Business: One Flu Over The Cuckoo's Nest Title: Pandemic Business: One Flu Over The Cuckoo's Nest
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Filed in archive risk by leon on March 17, 2006

With bird flu outbreaks being confirmed in five countries and with warnings that it will reach the USA by autumn, the warnings are coming in for companies to review their insurance policies and Human...

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Accounting and shell games Title: Accounting and shell games
PermaLink: http://www.soxfirst.com/50226711/accounting_and_shell_games.php

Filed in archive Accounting by leon on March 16, 2006

So Fannie Mae is again embroiled in serious accounting Doodoo. And remember Berkshire Hathaway's exposure to General Re's derivatives business which in last year's pullout, cost Berkshire...

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