London Stock Exchange news from FierceComplianceIT
News
ALSO NOTED: Spreadsheets still reign; Can Sarbox compliance learn from NFL?;
> Does the U.S. reporting system need to be scrapped? The SEC has put together a committee to look at a possible switch from rules-based accounting to principles-based account. The accounting... Read more...
ALSO NOTED: More on RFID-based Sarbox solutions; Big Japanese firms to delay results because of Sarbanes-Oxley;
> An SEC commissioner has been put on the defensive after an outcry arose in London over his comments that the London Stock Exchange's AIM was akin to a casino.
ALSO NOTED: Some small companies face options deadline; SEC eases delisting requirements for big foreign firms;
> Home Depot's announcement that it discovered improprieties in its options backdating practices stretching back 26 years made headlines. The news was notable for another reason: It... Read more...
ALSO NOTED: Sarbox gooses in-house lawyer pay; LSE bent on staying out of Nasdaq's clutches;
> A new study finds that a lack of guidance and the ill-fitting nature of COSO's 1992 framework has boosted compliance costs. Initial reaction: Tell us something we don't know.
ALSO NOTED: Who's to blame for options snafus?; Super lawyer on the hot seat
> Edgar, we hardly knew ya. Looks like the SEC is moving toward creating an electronic filing system that will shove Edgar out the door. It has awarded three contracts to build such a system.... Read more...
PCAOB inspects E&Y's London offices
The PCAOB reportedly began inspections of Ernst & Young's London offices last month. Inspectors spent two weeks in the offices and have scheduled another visit for this month. Other London... Read more...
AIM may not be an easy alternative to Nasdaq
We've discussed the rise of the London Stock Exchange before. Clearly, it's continuing to enjoy a banner year for initial public offerings. And more companies around the world are seeing it as a... Read more...
ALSO NOTED: Small companies heading to AIM?; Pensions sue companies under investigation;
> Small firms and Sarbox have been debating for what seems like forever. There are some concrete signs that they will find the London Stock Exchange's AIM a very welcoming exchange. Bad news... Read more...
Sarbox brouhaha erupts across the pond
Would Sarbox ever apply to U.K. firms? The issue has exploded with a vengeance since one U.K. regulator really whipped... Read more...
ALSO NOTED: Roughly 80 percent of companies in compliance; IT asset management as a Sarbox issue; Much more...
> Trend: Roughly 80 percent of those polled say they are now in full compliance with Sarbox and other laws, according to one survey. It is unclear, however, if the costs of compliance are set... Read more...
