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Sarbox Clawback Ruling Could Keep Pay in Some CFOs' Pockets
A federal judge rules that a company with errors in its financials must restate if the CFO is to lose compensation.
December 24, 2008
Four months before signing the Sarbanes-Oxley Act, President Bush offered a preview of the impending law's broad effect on the activities and livelihoods of CFOs. Not only would they have to certify their financial filings, they would also risk revocation of their compensation if something went amiss. Read more...
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Downturn Disclosures: Expect Liquidity Focus
Regulators will heavily scrutinize management's discussion about cash access in next year's filings, attorneys predict. December 16, 2008
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Revised Fair-Value Rule Is Weaker: Moody's
It's harder for investors to compare banks' financial statements now that IAS 39 lets them decide whether to reclassify "held for sale" assets as "held to maturity," the rating agency says. November 14, 2008
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Securitization's Last Throes?
Changes to accounting rules could put loads of assets back on banks' balance sheets. October 24, 2008
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On Defensive, SEC Touts Reporting Plan
Chairman Cox uses his introduction during a roundtable on updating the regulator's filing system, and defends his reputation. October 8, 2008
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Constellation: Our Merger Isn't Star-crossed
Hit by bankruptcy rumors, the energy company comes out quickly with assurances that its $4.7b deal with Berkshire Hathaway is still on. September 30, 2008
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CFOs React: Sally Beauty's Mark Flaherty
The down market actually draws new customers to this retailer, but the CFO still is cautious when the future availability of credit is in question. September 25, 2008
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FASB Delays Lawsuit Disclosures
The board responds to companies' distaste for its proposed rule on contingent liabilities. September 24, 2008
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Cox: Default Swaps Are Naked Shorts
In prepared testimony that he will deliver to the Senate this morning, the SEC chairman will call for Congress to give his agency authority over swaps. September 23, 2008
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Lehman D&O Risk Prompts Lawsuit
Shareholders accuse Constellation Energy's executives of holding back on how exposed they were to Wall Street's credit mess. September 23, 2008
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