Archives
_________::::____#198 - June 9, 2006________________
#198 Updated: 6/08/06 4:18 p.m.

06/08/06 FASB, CPAs Eye Private-Company Changes
But their goal "is not to create a separate, new set of GAAP requirements for
private companies," the standards board and AICPA say.

06/08/06 HealthSouth Pays Price in Bond Market for 2003 Accounting Fraud
HealthSouth Corp. will pay its highest bond yield ever when it sells $1 billion of
debt today, three years after an accounting scandal almost drove the largest U.S.
operator of rehabilitation hospitals into bankruptcy.

06/08/06 Ex-CFO of nurses association fired for alleged embezzlement
The New York State Nurses Association's former chief financial officer has been
arrested for allegedly embezzling more than $1 million from the Latham group
between 2002 and 2006.

06/08/06 Lawmakers criticize former Fannie Mae CEO
Lawmakers and a federal regulator criticized the ousted former chief executive of
Fannie Mae on Tuesday as a House panel aired government allegations of a six-
year accounting fraud at the mortgage giant.

06/08/06 SEC's Cox Calls Manipulation of Option Grants `Serious Concern'
U.S. Securities and Exchange Commission Chairman Christopher Cox said signs
that a growing number of companies have manipulated stock-option grants is
``of serious concern'' to the agency.
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