ALSO NOTED: Exchange war update; PCAOB meeting set;

> We've discussed a lot here that the NYSE and Nasdaq are pushing abroad in part to capture business that might find non-U.S. exchanges a good idea, given the Sarbox costs and all. The latest is that the NYSE has set its sights on Asia, where some of the biggest IPOs ever have debuted this year. Article

> Shareholders reject the proposed NYSE-Euronext deal. Article

> Here's an update on the going-private-to-escape-Sarbox trend.

> I've said it before: Listing on AIM instead of Nasdaq to escape Sarbox is not an easy decision, especially when factoring in the likelihood that liquidity on AIM will prove disappointing. Article

> The mayor of London is bent on keeping Nasdaq away from the LSE. Article

> The New York City tabloids have been happy to push the notion that Manhattan is in danger of being eclipsed by London and other cities. Sarbox is of course the number one reason. Here's a column by the publisher of the New York Daily News. Article

> Compliance training seems like more of priority for firms. We'll start seeing more training solutions like this one: An Web-based system. Article

> Section 109(b) of Sarbox requires the PCAOB to set a budget for each year at least a month before the start prior to the commencement of that fiscal year, which is the calendar year. This year's meeting will be Nov. 30. Brief

> Sarbox is said to be one reason for a rather pressing shortage of tax accountants. Which has pushed many accounting firms to outsource standard tax return preparation to India. Press release

> A new trade group created by the merger of two previous trade groups looms as an instant power. It has taken an interest in Sarbox. Article

> Are more CFO-level executives taking the fall for options improprieties? Maybe. Here's the latest example. All in all, it seems that top lawyers are more likely to take the fall for options shenanigans. Article

And Finally... The lighter side of the FASB. Article