Tag:
Arthur Andersen
Latest Headlines
Latest Headlines
Mandatory auditor rotation: Is it time?
In this season of regulatory anti-reform, some people may be looking to the audit industry as a shining example of how to sail through controversy unscathed. The industry has been through the reform
Family-based insider trading rings busted
What should a good parent or a loving spouse do with a hot stock tip? Time and again, it has been proven that for the good of their loved ones, they should keep the news to themselves.
We've seen this twice just recently. William Marovitz, the husband of Christie Hefner, former CEO of Playboy,
Criminal charges not likely to ruin Goldman Sachs
The possibility of criminal charges against Goldman Sachs ( NYSE:GS ) has reared its head again in a big way, thanks in part to the news that the Manhattan District Attorney had subpoenaed information from the troubled bank, the latest in a string of investigatory actions spanning Congress, the
Flex time in the audit industry
In some ways, the public perception of the audit industry is suffering right now. The charges brought against Ernst & Young by the New York AG for its Lehman Brothers work was the culmination of
How to make auditors more accountable for financial firms?
Sarbanes-Oxley has ushered in better accounting and financial control practices at many firms. Witness the reduction in restated earnings over the year among big companies. But as recent events have
Auditors bracing for a backlash
We noted last week that more people are raising the issue of auditor involvement in some of the financial meltdowns we've seen. The list is long, of course: Fannie and Freddie, Bear Stearns and
Wall Street firms dodge a bullet
The Washington Post reports that the Justice Department has decided it will not seek indictments against Wall Street firms, concentrating instead on individuals. So it seems unlikely that we'll see another Arthur Andersen, which was (in)famously dealt the corporate death sentence six years ago
Enron settlement a victory for shareholders?
Believe it or not, Enron is still making news, the latest of which is good for many shareholders. A judge has approved a $7.2 billion settlement that will provide funds for those who purchased Enron
ALSO NOTED: Tainted CFOs suffer in post-Sarbox world; After 6-year probe, AOL execs charged;
> Tainted CFOs suffer in post-Sarbox world. Article > Ex-CFO spared penalty due to financial woes.
KPMG liable for mortgage lender implosion
Once again, we can ask: Wasn't Sarbanes-Oxley supposed to prevent this? Mortgage fraud has been front-page news. A 581-page report by a bankruptcy court examiner has found that New Century--a
