fraud news from FierceSarbox
News
Business schools hire ex-cons
In the Sarbanes-Oxley era, we should not be surprised that business schools are trying to scare their students straight. Top schools are hiring convicted felons to speak to students about their Read more...
The mortgage mess and KPMG
We've noted that a damning report by an independent Justice Department had little good to say Read more...
ALSO NOTED: Banks say no to Sarbox-like set of rules;
> Bank reform and IT issues. Article> Building a home-grown auditing system with SQL server. Read more...
Ignore whistleblowers at your peril
Recall that Section 302 of Sarbanes-Oxley requires companies to set up a venue where whistleblowers can report misdoings. That caused a lot of companies to scramble. But what is done with those Read more...
Take steps to control the "new face" of fraud
There is some talk that the most likely perpetrators of crime within an organization are no longer likely to be the top executives. Thank Sarbanes Oxley. The most likely fraudsters may stem from the Read more...
The costs of restatements
For large companies, financial restatements have become less of an issue. As companies have moved down the Sarbanes Oxley learning curve, they have reduced mistakes greatly. But the issue looks large Read more...
More fraud, smaller penalties
According to the L.A. Times, the Securities and Exchange Commission launched a record 656 cases in fiscal 2007. That's a 14 percent hike over 2006. Penalties came in at only $1.6 billion in fines and Read more...
ALSO NOTED: Prosecutors: Skilling does not deserve new trial; A Sarbox for home lending?;
> Prosecutors: Skilling does not deserve new trial. Article> Dems nominate two for SEC commissioner openings. Read more...
Has Sarbox made life tougher for stock analysts?
Three academics have reasoned that Sarbanes Oxley should have led to wider availability of better information about companies. If so, should analysts' forecast have become more accurate? And Read more...