Archives
_________::::____#61 - November 4, 2005_________________
Updated:  11/4/05 7:55 a.m.

11/04/05 ENRON:  7 from Andersen face state action - The Texas state accounting
board is seeking disciplinary action against seven former Arthur Andersen
accountants for allegedly failing to adequately scrutinize and report financial
events that led to the collapse of Enron.

11/04/05 Civil Suit Against Tyco's Ex-Execs Can Proceed - Now that former Tyco
International Ltd. Chief Executive L. Dennis Kozlowski and his finance chief, Mark
Swartz, have been convicted of stealing from the company, the Securities and
Exchange Commission can proceed with its civil suit against the two men, a
federal judge ruled this week.

11/04/05 Refco Creditors Probing Payments to Bennett, Trosten - Creditors of
Refco Inc., the bankrupt broker, said they are investigating payments made to
former company officials, including ex-chief executive Phillip Bennett, and may seek
to recover hundreds of millions of dollars.

11/04/05 Former banker gets 15 month in fraud case - A former Baton Rouge
banker who stole more than $57,000 to feed a gambling addiction will spend more
than a year behind bars.

11/03/05 SEC Charges Seven in Ahold Fraud - ''The use of third-party
confirmations is an important part of the audit process, and the commission will
hold accountable those who work to subvert it,'' maintains the commission.

11/03/05 Paper Reveals Impact of SOX on AP Functions - The Sarbanes-Oxley Act
has changed they way organizations (both public and private) handle their
accounts payable operations -- not just how invoices are handled, but also
related functions such as 1099 reporting, unclaimed property, sales and use tax,
T&E and more, according to a study.

11/03/05 Title firms making amends - Title insurance giant Fidelity National
Financial has agreed to reimburse consumers $7.7 million within four months as
part of a final settlement with the state, California
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