Archives
_________::::____#89 - December 21, 2005_________________
#89 Updated:  12/20/05 4:41 p.m.

12/19/05 UK anti-fraud watchdog says no grounds for probing Equitable Life -
The Serious Fraud Office said it has no plans to open an investigation into
Equitable Life, the mutual insurer that came close to collapse five years ago.
Forbes

12/19/05 Former Symbol Finance Exec Pleads Guilty - The plea by Christopher
DeSantis comes a few weeks before the January 3 trial of former chief financial
officer Kenneth Jaeggi. CFO.com

12/19/05  Investors Flunk 'Survival Skills' Test -  Even though a few key
investor education messages appear to be getting through to them, the vast
majority of American investors do not possess important "investor survival skills"
needed to build their savings into a retirement nest egg, according to a a survey
released by investor protection agencies. accounting.smartpros.com

12/19/05 Accounting Devils Hide in Footnotes - Good times can hide a multitude
of sins. Double-digit earnings growth over the past 14 quarters has prompted
some investors to ignore the main lesson of the go-go years, which is that the
nitty-gritty details of corporate finance are still the main story.
accounting.smartpros.com

12/19/05 Former WebMD CFO, Others Indicted - Practices included so-called
round-trip transactions allegedly used to create fraudulent revenues. CFO.com

12/16/05 EU Orders Off-Balance-Sheet Disclosures  - The European Union is
requiring listed companies to disclose off-balance-sheet transactions and provide
more information about their corporate governance practices, according to the
Financial Times. CFO.com

12/16/05 SEC Adopts New Filing Deadlines  - As part of its proposal, the SEC
created a new category called "large accelerated filers," which includes companies
with a market capitalization of $700 million or more. CFO.com

12/16/05 House Passes Pension Measure - Companies must fully fund their
pension plans within seven years and pay higher premiums to the PBGC. The bill
also calls for better public disclosure of a plan's financial health. CFO.com

12/16/05  Trial date set for Black -  A judge on Friday set a date of March 5,
2007, for a trial of Conrad Black and his former associates on fraud charges.
Reuters
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