congress news from FierceComplianceIT
NewsWhere are they now? The whistleblowers edition
Whistleblowers have become a hot button issue, especially with recent developments in the JPMorgan (NYSE: JPM) lawsuit filed by the firm's former vice president. Ex-VP Jennifer Sharkey claimed... Read more...
Small company 404(b) exemption to survive
One big issue--but hardly the biggest--for Congress as it hammers out the final version of the historic financial reform bill is whether small companies will ever be required to comply with... Read more...
Supreme Court and Sarbox update
It looks like the Supreme Court will begin its deliberation of "Free Enterprise Fund and Beckstead and Watts vs. the Public Company Accounting Board and the United States of America" on December 7.... Read more...
XBRL mandate to expand already?
XBRL--that is, eXtensible Business Reporting Language--still isn't in wide-spread use, though it's definitely coming, and rather quickly for big, publicly traded companies. But a recent proposal in... Read more...
The irony of the PCAOB constitutional challenge
We've covered the long-running constitutional challenge to the PCAOB, created by Sarbanes-Oxley, but we're still somewhat surprised by the news that the Supreme Court will hear the case. It's unclear... Read more...
Fair to beat up on the SEC?
Ever since the Bernard Madoff scandal broke open, the media has been rife with lamentations that the SEC was remiss in its oversight of the firm. It has certainly proven to be a PR black eye. Some... 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...
So how much will it cost to comply?
Small companies, even with the likelihood of another delay, are rightfully concerned with how much 404 compliance will cost them. The issue is not an easy one. There's not a lot of data out there.... Read more...
Another small company 404 delay
For much of the year, I had been telling people not to hold their breath for another Sarbanes Oxley 404 delay for nonacclerated filers. My point was you couldn't count on any sort of regulatory... Read more...
Little impetus to change Sarbox law
Sarbanes Oxley is the law that everyone loves to hate. Even Michael Oxley himself has some reservations about it. It's an easy target in many ways. But for all the angst, it looks like now there will... Read more...
| Press ReleasesConsumers Get New Credit Card & Gift Card Protections on August 22WASHINGTON, Aug. 17 /PRNewswire-USNewswire/ -- Starting August 22, new regulations will go into effect that will help limit credit card and gift card fees and require banks to periodically Read more >> Recovery Watch Maryland: Loss of Federal Funds Throws State Budget, Education and Public Safety Off a 'Cliff'Estimated 2500 Jobs at Risk in Schools, State and Local Governments BALTIMORE, July 22 /PRNewswire-USNewswire/ -- Recovery Watch Maryland is releasing its July Monthly Monitor this week concerning Read more >> RBC Consumer Outlook Index: Consumers expect financial reform efforts in Congress to have positive impact on U.S. economy, stabiAmericans divided on impact on their spending NEW YORK, July 15 /PRNewswire-FirstCall/ - As the year-long effort in Congress to pass sweeping financial reform legislation draws closer to final Read more >> Congress Extends Homebuyer Tax Credit Deadline to September 30SAN JOSE, Calif., July 2 /PRNewswire/ -- Congress approved a bill Wednesday that gives homebuyers until September 30 to complete their transaction to qualify for as much as $8,000 in federal tax Read more >> DNC Chairman Tim Kaine Celebrates House Passage of Final Wall Street Reform LegislationWASHINGTON, June 30 /PRNewswire-USNewswire/ -- Today, Democrats in the House successfully passed the conference report of the Wall Street Reform legislation. In response, DNC Chairman Tim Kaine Read more >> |
