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CFO
September 1, 2002
Lori Calabro |
I Told You So To controversial securities litigator Bill Lerach, the current wave of corporate fraud scandals was both inevitable and preventable.   |
Inc.
May 1, 2000
D. M. Osborne |
Be Careful What You Wish For On the Road: Silicon Valley companies thought an act of Congress would solve their problems with Bill Lerach and his shareholder lawsuits. But reforms can work in quirky ways. |
Entrepreneur
April 2002
Jennifer Pellet |
Tough Enough Despite speculations of a kinder SEC, Harvey Pitt is cracking down on business... |
Knowledge@Wharton
January 29, 2003 |
Lawyers and Accountants Can Expect Curbs and Compromises in New SEC Rules Recent rules adopted by the U.S. Securities and Exchange Commission to curb the kind of legal and accounting shenanigans that toppled companies like Enron and Arthur Andersen are not as strong as the SEC first indicated they might be. But do they still have enough teeth to work? |
| Knowledge@Wharton |
Do High Consulting Fees Compromise the Independence of CPA Firms? Key components of the audit process---the independence and objectivity of auditors---may be eroding, according to some industry observers. |
CFO
September 1, 2002
Andrew Osterland |
No More Mr. Nice Guy A new CFO survey suggests why new rules for auditors may be a wise idea. |
| Knowledge@Wharton |
Do Accountants Who Act as Consultants Take Greater Care or Cut Corners? New Wharton research challenges the idea that lucrative consulting contracts routinely lead auditors to look the other way when preparing financial audits, a key allegation in the scandals at WorldCom, Tyco and Enron. |
CFO
October 1, 2002 |
Reform: How the Corporate Landscape Is Changing Everyone from Congress to the journalist next door has a reform proposal to promote. This article assesses the likelihood of passage as well as the potential impact of several proposals. |
CFO
March 1, 2003
Tim Reason |
Two Weeks in January The SEC put much of the Sarbanes-Oxley Act into effect by passing a slew of new rules. Here's what was proposed and what was disposed. |
| Knowledge@Wharton |
Pro Forma Earnings Reports: A Deceptive View of Performance The Securities and Exchange Commission is concerned with a widespread corporate habit -- the growing practice of issuing "pro forma" earnings reports that tend to paint a rosy picture of company results... |
IndustryWeek
March 1, 2002
John S. McClenahen |
Goodbye To GAAP? Probably not. But Enron's collapse makes changes in financial regulation likely... |
CFO
October 1, 2002
Julia Homer |
How Did We Get Here? Much of what happened in the 1990s also happened in the 1980s. Here's hoping we don't do it again. |
CFO
October 1, 2002 |
Legal Unease A good board member is hard to find... the high price of audit reform... Congress takes aim at deferred compensation... etc. |
BusinessWeek
September 22, 2003
Nanette Byrnes |
Reform: Who's Making the Grade A performance review for CEOs, boards, analysts, and others |
| CFO |
What Must Be Done? The experts weigh in on how to prevent future Enrons... |
CFO
October 1, 2002
Alix Nyberg |
Regulation: Pitt and the Pendulum The kinder, gentler SEC Pitt envisioned vanished faster than you can say Arthur Andersen. Can he run a tougher, meaner agency? |
U.S. Banker
January 2002 |
Trust Big Accounting Firms? Arthur Andersen, the huge accounting firm, hides behind legal technicalities to excuse itself for approving Enron's financial statements. Rather than working for shareholders and investors as it is supposed to, Andersen seems to have done whatever Enron's management wanted it to... |
U.S. Banker
April 2002
Mark Bruno |
Broken Affair? Banks, as most companies, have enjoyed close relationships with their accountants for decades, and have been becoming more and more dependent on them for a variety of services, often far removed from auditing their books. Now those relationships are being called into question... |
CFO
November 1, 2007
Kate Plourd |
What Goes Around In his heyday, Bill Lerach was so ruthless a class-action lawyer that in Silicon Valley his name was synonymous with being sued. Now Lerach is being "Lerached" himself -- to the great delight of much of the corporate community. |
| CFO |
Material Whirl A stock-transfer scam forces a big nonoperating charge... new evidence that banks put the squeeze on credit customers... the inside dope on earnings management attempts... etc. |
| Knowledge@Wharton |
You Say IASB, I Say FASB, You Say... A description of efforts to harmonize U.S. and international accounting standards, and shifts in the accounting profession caused by recent scandals. |
CFO
August 1, 2002 |
TGIM A funny name for the erstwhile PwC Consulting... WorldCom gets caught in a storm... executives are asked to swear; securities suits target nontechs... etc. |
U.S. Banker
February 2002
Robert A. Bennett |
Designer-Made Earning Reports It has become popular for companies to dream up their own methods of accounting. The greatest danger is fooling oneself... |
Wired
February 2002
Adam Lashinsky |
The Post-Enron Economy Sometimes it takes a meltdown to force regulators into action... |
CFO
March 1, 2005
Kate O'Sullivan |
Flashbacks: 20 Years of Finance Two tumultuous decades, from Treadway and Black Monday, to reengineering and ''irrational exuberance,'' to Reg FD and Sarbanes-Oxley. |
CFO
July 1, 2003
Kris Frieswick |
How Audits Must Change Auditors face more pressure to find fraud. |
IndustryWeek
February 1, 2002
John S. McClenahen |
Pro Forma's Bottom Line Be careful what you say and how you say it. The Financial Executives International, Morristown, N.J., and the National Investor Relations Institute, Vienna, Va., have come up with guidelines for clear and consistent public statements of corporate earnings. Five key suggestions... |
Fast Company
May 2002
John Ellis |
Wall Street's Den of Thieves If you follow the trail of deceit from Enron to its natural lair, it only leads to one destination: Wall Street. Here's why... |
| Knowledge@Wharton |
Feeling Burned by Accounting Scams in the U.S.? Just Look Overseas Self-dealing and the misappropriation of profits at the expense of minority shareholders is much more common in other countries due to the weaker legal measures protecting such stockholders. |
BusinessWeek
June 12, 2006
Michael Orey |
Enron's Last Mystery Was Enron's law firm, Vinson & Elkins, as blind to the company's shenanigans as it maintains? Internal messages suggest the firm doubted the legitimacy of some of Enron's business practices. |
Registered Rep.
September 25, 2002
Ross Tucker |
Suit Alleges Hidden Fees A suit filed in California last week alleges that major brokerage firms are charging customers unreasonable and undisclosed fees when selling municipal bonds. |
BusinessWeek
December 27, 2004
Amy Borrus |
Auditors: The Leash Gets Shorter Providing tax services to audit clients will no longer be allowed. |
BusinessWeek
February 27, 2006
Lorraine Woellert |
Fractured Class Actions Opting out of class settlements in hopes of winning more money are growing headache for companies. |
CFO
Edward Teach & Tim Reason |
Lies, Damn Lies, and Pro Forma Pro forma earnings reports may be a cause du jour of reformers, but CFOs aren't about to back down from issuing them... |
The Motley Fool
September 24, 2007
Rich Duprey |
Lerach's Punishment Worse Than None at All William Lerach makes a plea agreement in his fraud case stemming from bogus class-action lawsuits. Investors, take note how this may have affected you. |
CFO
September 1, 2002
David M. Katz |
The Insiders Do internal auditors have a bigger role to play in ensuring the integrity of financial reports? |
FDIC FYI
July 24, 2002 |
Enhancing Financial Transparency Participants in the conference discussed the strengths and flaws inherent in the U.S. financial reporting process and suggested ways of modifying not only the reporting mechanism, but also the accounting standards that underlie financial statements, audit opinions, credit ratings and analyst reports. |
Salon.com
November 9, 2001
Andrew Leonard |
Enron, we hardly knew ye Ironically, only one thing could have saved the now-imploding corporate poster child for deregulation: Tougher regulations requiring more financial "transparency"... |
Salon.com
November 7, 2002
Andrew Leonard |
Pitt is history, but the foxes are still guarding the henhouse So what if the most visible face of Bush's see-no-evil economic policies is gone? Corporate reform is further away than ever. |
CFO
May 1, 2003
Arthur Levitt |
You Are the Guardians Former SEC chairman Arthur Levitt offers some pointed advice on how to restore confidence in corporate accounting. |
Knowledge@Wharton
June 18, 2003 |
Board Members Feeling the Heat of Public Scrutiny Should Bone Up on Finance, Accounting What you don't know can't hurt you. That old adage may be true some of the time, but not for people serving on boards of directors and audit committees in the wake of recent scandals that have tarnished the reputation of corporate America. |
The Motley Fool
April 21, 2004
Bill Mann |
Attack of the Killer Attorneys It's inevitable in every investor's career that he or she will hold a company that will attract class action lawsuits alleging some form of securities fraud. |
The Motley Fool
December 28, 2004
Jim Schoettler |
Uncovering the Billion-Dollar Secret Traditional stock option accounting practices lead companies to overstate their net income. Here is a look at how significant these overstatements are, who's responsible for fixing the problem, and what they're doing about it to place themselves and their investors in an advantageous position. |
U.S. Banker
July 2007
Karen Krebsbach |
Next for Top Court: Securities Fraud Whether banks that help public firms commit fraud are also liable soon will be a question before the Supreme Court. Its decision will affect litigants in the still-simmering Enron case. |
Salon.com
January 19, 2002
Andrew Leonard |
Capitalist pigs The sordid tales of Enron plutocrats looting the company of its treasure as their employees and shareholders faced ruin are enough to turn you into a class warrior... |
| CFO |
Pitt On The Spot Plus, trade-show taxes... split-dollar life insurance... our quarterly Global Confidence Survey... |
CFO
October 1, 2002
Tim Reason |
Reporting: See-Through Finance The market's distaste for complex financing could raise your company's cost of capital, even if you comply with new reporting rules. |
CFO
April 1, 2004
Ronald Fink |
Playing Favorites Why Alan Greenspan's Fed lets banks off easy on corporate fraud. |
CFO
Ronald Fink |
Beyond Enron The fate of Andrew Fastow and company casts a harsh light on off-balance-sheet financing... |
Salon.com
February 5, 2002
Damien Cave |
Risky business How did Enron break into the elite Wall Street world of credit derivatives? |
