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_________::::____#121 - February 16, 2006________________
FRAUDBARON.com
#121 Updated:  2/16/06 6:21 a.m.

02/16/06 Task Force Recommends AICPA Peer Review Changes
A task force of the American Institute of CPAs released a set of recommendations
to enhance the transparency of the institute's peer review system for the
industry's public accounting sector.

02/16/06 Enron's Skilling Stressed Partnerships' Approval
Former Enron Corp. Chief Executive Officer Jeffrey Skilling said as early as 1999
that legal and accounting experts approved off-books partnerships blamed for the
company's collapse, an ex-Enron executive testified.

02/16/06 Enron exec pleaded guilty to avoid prison - defense
A confidante of former Enron CEO Jeffrey Skilling gave testimony full of errors
against him just to avoid a long prison sentence, the defense in the trial of
Enron's top executives argued on Wednesday.

02/16/06 8 Held in Scam to Fence Cars Donated to Glendale Charity
Eight people, all Armenian and Russian nationals, have been arrested on
suspicion of fencing millions of dollars worth of cars overseas under the pretext of
providing humanitarian aid, Los Angeles police said Wednesday.

02/16/06 False dairy cow leases sold in $1.3-million fraud case
About 100 Ontario dairy farmers and 50 members of a Toronto synagogue were
used as pawns in a $1.3-million investment fraud over a period of five years,
police said

02/16/06 Feds say ex-CA CEO purged evidence
Sanjay Kumar, the former chief executive of CA Inc. who was indicted in 2004 amid
a $2.2 billion accounting scandal, has been accused of erasing his laptop's hard
drive to effectively destroy potential evidence, according to documents released
Wednesday by the U.S. Attorney's office.

02/16/06  Qwest stockholders get aboard settlement
Some Qwest shareholders are getting notices in the mail this week to register for
a piece of the $400 million partial settlement in an accounting-fraud suit that the
phone company agreed to settle late last year.

02/15/06 Companies Admit to Poor Risk Management
Many corporate leaders lack confidence in their organization's risk management
controls, according to a Protiviti study. More than half of the Fortune 1000 C-level
executives surveyed acknowledged that there is more they can do to identify,
quantify and manage the risks they face.

02/15/06 NABA Survey: Race Still a Concern in Accounting
Preliminary results of a recent member survey of the National Association of Black
Accountants show that race and perception still impact the careers of people of
color working in the accounting industry.

02/15/06 Gates: End to passwords in sight
For years, Microsoft Chairman Bill Gates has had his sights set on the password
as the weak link in the computer security chain.
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