Archives
_________::::____#206 - June 22, 2006________________
#206 Updated: 6/20/06 10:03 p.m.

06/20/06 Emerging Markets Raise Added Fraud Risk
Of companies that assess fraud risk before entering a new market, one in five
decides not to move forward, according to a new survey

06/20/06 Haas Automation exec charged with tax fraud
The owner of the nation's largest computerized machine-tool maker was arrested
at his Camarillo (Ventura County) home Monday and charged with orchestrating a
tax fraud that cost the government nearly $20 million as well as intimidating
witnesses and a federal agent investigating the case.

06/20/06 House Subcommittee Hears 404 Laments
Testimony on Monday cited an exodus of issuers to exchanges outside the United
States as well as the Sarbox provision's disproportionate effect on smaller
companies.

06/20/06 Fed Governor Gets Nod at PCAOB
Federal Reserve Board Governor Mark W. Olson has been appointed the new
chairman of the five-member Public Company Accounting Oversight Board for a
term running until 2010.

06/20/06 Ex-Buca CEO Pleads Guilty to Wire Fraud
Federal prosecutors snared on Tuesday what is believed to be their first
conviction under a fraud law requiring corporate chiefs to swear to the accuracy of
their financial results.

06/19/06 Judge delays Enron's Lay, Skilling sentencing
A federal judge has delayed sentencing for former Enron Corp. Chief Executives
Ken Lay and Jeffrey Skilling, who were convicted last month of fraud and
conspiracy in the company's collapse.

06/19/06 Judge Gives Go-Ahead to Suit Against Tyco, PwC
Former shareholders of Tyco International Ltd. have been given the go-ahead to
sue the company and accounting firm PricewaterhouseCoopers.

06/19/06 SEC: No "Backdoor" Regulation for Europe
The SEC reassures European firms that mergers between U.S. and foreign
exchanges will not automatically export Sarbanes-Oxley and other American
securities laws overseas.

06/19/06 Ruling for Whistleblower Law Orders CFO Reinstated
A former chief financial officer for a small Virginia bank has been ordered back to
work under the Sarbanes-Oxley Act's whistleblower protections.

(Yesterday's news has been archived)
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