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An unusual approach to Sarbox compliance
If you're a small public company, you've got some big compliance issues to deal with. Many are likely behind the curve--even with the latest delay from the SEC. Companies that take a proactive Read more...
SYMS saga takes new twist
Recall that retailer SYMS decided to deregister and trade on the Pink Sheets to save the money it would have spent on Sarbanes Oxley compliance. Well, some hedge funds didn't like it and put up a Read more...
Victim of Sarbox: Annual reports?
There was day when companies took pride in their annual reports. Pre-Internet, it was a major vehicle for communicating with shareholders. And it showed. They were well-produced documents. These Read more...
Sarbox battle erupts over retailer
We've been debating the costs vs. benefits of Sarbox for a while now. Has the conventional wisdom shifted at all? Despite acknowledging the costs of Sarbox, deep down, people will always see a move Read more...
Smart money betting on XBRL mandate soon
The likes of Microsoft, General Electric and Ford are already filing information in XBRL. One might bet that a formal requirement is an inevitability. Or a bet that such reporting is a just a good Read more...
Another small company 404 delay
For much of the year, I had been telling people not to hold their breath for another Sarbanes Oxley 404 delay for nonacclerated filers. My point was you couldn't count on any sort of regulatory 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...
How to commit financial crimes
A new study, "Control Overrides and Financial Statement Fraud," by the Institute of Fraud Prevention has looked at 834 companies filing restatements and found that it apparently takes teamwork to Read more...
Sarbox leading to shorter investment time frames?
It's been pretty well-documented that Sarbanes-Oxley has led to more job turnover Read more...
How to control for options dating miscues
It is often said that Sarbanes-Oxley has solved the options mis-dating scandals, given that the Read more...

