Sox First

The other week, I did a blog entry on how the Pentagon can't account for $6.6 billion of reconstruction money for Iraq. That money would have been stolen for sure.Now the plot thickens with repo…

Will any business in the United States have to comply with Sarbanes-Oxley, the law introduced in response to the Enron scandal, the piece of legislation that was supposed to clean up US business?CF…

There has been a lot of focus lately on cosy client-auditor relationships that allow companies get away with fiddling their books, even fraud. The uproar over the way Ernst&Young allowed its cl…

Why are commentators saying there will be no criminal charges flowing from the accounting shenanigans that led to the collapse of Lehman Brothers? The evidence suggests that Lehman management might…

We all know that Sarbanes-Oxley has been a bonanza for accountants and risk managers. Their fees have gone through the roof. The other group is company directors.As BusinessWeek reports, Sarbanes-O…

One of the big changes with Sarbanes Oxley was the requirement for audit committees to be composed entirely of independent directors. No one is supposed to have any business or family ties with the…

On Friday, I did a blog entry looking at a case starting in the Supreme Court this coming week questioning whether the Public Company Accounting Oversight Board (PCAOB) is constitutional. If the …

Amazing that seven years after it was signed into law, people are still pushing to wipe out Sarbanes-Oxley. On Monday next week, the Supremes will hear arguments that seek to dismantle Sarbox by w…

At the beginning of this month, I looked at how Obama had dismantled the post-Enron reforms. Significantly, a Democratic-controlled House pushed through changes that in effect neutralize Sarbanes-…

Earlier this week, I did a blog entry on how White House chief of staff Rahm Emanuel was pushing wants Democrats to let small public companies worth less than $75 million avoid complying with Sarb…