Archives
_________::::____#179 - May 12, 2006________________
#179 Updated:  5/12/06 10:10 a.m.

05/12/06 This Week at the Enron Trial: Closing Arguments Coming
Three months and more than 50 witnesses later, testimony ended Monday in the
government's fraud and conspiracy trial against Enron Corp. founder Ken Lay and
former chief executive Jeffrey Skilling f or their role in the company's downfall.

05/11/06 Section 404, Year Three: Ready for IT?
A body of knowledge about information technology and internal controls doesn't
exist, say roundtable panelists; companies and auditors haven't developed the
practical experience that usually accompanies audits and testing.

05/11/06 Regulators Agree Some SOX Changes Needed
Responding to continuing complaints from corporate America about the excessive
cost of complying with Sarbanes-Oxley Act internal control audit reporting
requirements, top officials from the Securities and Exchange Commission and the
Public Company Accounting Oversight Board told accountants and private sector
financial execs that relief is on the way.

05/11/06 Morgan Stanley to Pay $15M Civil Fine
Wall Street powerhouse Morgan Stanley & Co. Inc. has agreed to pay a $15
million civil fine to settle federal regulators' charges that it repeatedly failed to
provide tens of thousands of e-mails which they sought in major investigations
over several years, federal regulators said Wednesday.

05/11/06 Ex-Hamilton Bank CEO convicted of fraud
A once prominent banker was convicted of fraud and other charges stemming from
a scheme to cover the bank's losses in a Russian loan debacle.
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News