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News

Shapiro undoing Cox pet initiatives?

We've noted that SEC Chairman Linda Shapiro was a bit coy early on regarding a few big issues, such as the projected rollout of IFRS in the United States. She offering a few more clues as of late.... Read more...

Cox leaves SEC quietly

Christopher Cox, fairly or not, was a lightening rod for criticism during his three and a half year tenure as chairman of the SEC. Toward the end, events really escalated, notably the Madoff affair... Read more...

Don't count on suspension of fair value rules

Recall that the $700 billion bailout deal passed by Congress included a requirement that the SEC study the impact of fair-value accounting on the financial system. Some thought this might presage an... Read more...

Accounting pays, especially at the PCAOB

Oh, the irony: The August Public Company Accounting Oversight Board is drawing attention for the high salaries it pays its top officials. Mark... Read more...

Can AS5 really be enforced?

Jack Ciesielski, who publishes The Analyst's Accounting Observer, found this comment by Chris Cox on AS5 intriguing: "The SEC and the PCAOB expect a change in the behavior of the individuals... Read more...

ALSO NOTED: Ernst & Young has avoided an Arthur Andersen-like fiasco; Cox to AG: what would happen to XBRL?;

> For the moment, Ernst & Young has avoided an Arthur Andersen-like fiasco. Four current and former employees have been charged with tax fraud conspiracy over their work on dubious... Read more...

ALSO NOTED: Former CFO fights back with defamation suit; Encryption service providers use Sarbox for marketing;

> As some critics charge that Chris Cox is perhaps overly friendly to corporations, the chairman of the SEC is convening a round table of past chairmen. Read more...

Get ready for a common Europe-U.S. standard

A common European-U.S. accounting standard by 2009? That's the goal of the SEC, and chairman Chris Cox says it is feasible. We'll likely see a lot hand-wringing between now and then, especially on... Read more...

Small company compliance timeline issues heat up

More than 6,000 small companies are awaiting word on when they'll have to start complying with Read more...

ALSO NOTED: Are you ready for e-proxies?; Firm launches new secure data destruction tool;

> Citigroup has decided to streamline its compliance operations. The bank was forced to really staff up due to some regulatory issues but now wants to rationalize it all. Makes a lot of sense.... Read more...

Press Releases

Churchill Financial Announces Promotions

NEW YORK, July 7 /PRNewswire/ -- Churchill Financial Holdings LLC, a leading middle market focused commercial finance company, announced the following promotions today: Chris Cox, Managing Director Read more >>

Consumer Watchdog Calls for Tough Questioning of Former SEC Chair Christopher Cox on Conflicts as He Swings Back Through the Rev

WASHINGTON, May 5 /PRNewswire-USNewswire/ -- Consumer Watchdog today called upon the Financial Crisis Inquiry Commission to question former Securities and Exchanges Commission (SEC) Chairman Read more >>