Chris Cox news from FierceSarbox
News
Accounting pays, especially at the PCAOB
Oh, the irony: The August Public Company Accounting Oversight Board is drawing attention for the high salaries it pays its top officials. Mark Read more...
Can AS5 really be enforced?
Jack Ciesielski, who publishes The Analyst's Accounting Observer, found this comment by Chris Cox on AS5 intriguing: "The SEC and the PCAOB expect a change in the behavior of the individuals Read more...
ALSO NOTED: Ernst & Young has avoided an Arthur Andersen-like fiasco; Cox to AG: what would happen to XBRL?;
> For the moment, Ernst & Young has avoided an Arthur Andersen-like fiasco. Four current and former employees have been charged with tax fraud conspiracy over their work on dubious Read more...
ALSO NOTED: Former CFO fights back with defamation suit; Encryption service providers use Sarbox for marketing;
> As some critics charge that Chris Cox is perhaps overly friendly to corporations, the chairman of the SEC is convening a round table of past chairmen. Read more...
Get ready for a common Europe-U.S. standard
A common European-U.S. accounting standard by 2009? That's the goal of the SEC, and chairman Chris Cox says it is feasible. We'll likely see a lot hand-wringing between now and then, especially on Read more...
Small company compliance timeline issues heat up
More than 6,000 small companies are awaiting word on when they'll have to start complying with Read more...
ALSO NOTED: Are you ready for e-proxies?; Firm launches new secure data destruction tool;
> Citigroup has decided to streamline its compliance operations. The bank was forced to really staff up due to some regulatory issues but now wants to rationalize it all. Makes a lot of sense. Read more...
Lawmakers aim to prod SEC on reform
Chris Cox says he is all for Sarbanes-Oxley, but some lawmakers would prefer action to words Read more...
ALSO NOTED: GM and Sarbox; the 'compliance culture';
> GM's accounting woes have been an open sore for the company for years. The fact that controls are still deficient is dismaying--as were the appointment of about six new accounting managers Read more...
ALSO NOTED: Sarbox still going global; SEC changing its tune?;
> Sarbanes-Oxley is usually characterized as a uniquely U.S. phenomena, but the fact is that such rules are under consideration or in place around the globe. In Japan, the rules are known as Read more...