Under the Sarbanes-Oxley Act, a CEO or CFO who certifies false financial reports could get up to 20 years in prison and be fined $5m. Notice of this discovery was released in conjunction with AOL Time Warner's decision to certify its financial...
Well what not to do is relegate the IT department to the status of serf, there to carry out the orders from worried CEO and CFO, who will shortly face time in the big house if things go wrong and the necessary checks and balances haven't been put...
On Wednesday, the telecommunications equipment maker announced that it has fired CEO Frank Dunn, CFO Douglas Beatty and Controller Michael Gollogly. In 1999 he was appointed CFO of the company, and two years later became CEO.
This particular issue has led the US to pass its Sarbanes-Oxley law, forcing companies to improve their internal standards of governance and their accountability for the information they publish. The mantras for this year are governance and...
But while the bill may add to the headaches across boardrooms and for staff who are all 'complianced out' from Sarbanes-Oxley and Basel II, one analyst house is predicting the move is good news for UK companies and may also be good news for those...
Among the business leaders taking the stage at the Massachusetts Institute of Technology's CFO Summit were George Reyes, chief financial officer of web search giant Google, and James Goodnight, chief executive of SAS.