On Feb. 7, 2005, the Commission announced that it would host a roundtable discussion and would solicit written feedback regarding the experiences of registrants, accounting firms and others in implementing the new internal control requirements under Section 404 of the Sarbanes-Oxley Act of 2002. See Press Release 2005-13. Today the Commission announced that the roundtable will be held on Wednesday, April 13, 2005, in the William O.

FIRSTGlobal Investigations, a division of BDO Seidman LLP, predicts that fraud prevention will top priority lists for many corporate boards in the coming year.Boards had to focus on complying with the internal control requirements of the Sarbanes-Oxley Act last year, but putting training programs in place to prevent fraud should attract greater attention this year, the Sarbanes-Oxley Compliance Journal reported.

The chairman and chief executive of Verizon said in court Thursday that he repeatedly approached former WorldCom Chief Executive Bernard Ebbers in 2001 about buying the company.Advertisement

The nation's No.3 office supply store chain has announced the resignation of its chief financial officer and termination of six other employees after an internal investigation yielded accounting irregularities, the Associated Press reported.OfficeMax Inc. announced the resignation of CEO Christopher C. Milliken and said George J. Harad, the company's executive chairman, would replace him on an interim basis. The Itasca, IL, company said it would begin a search for a permanent CEO, a task that could be hampered by a simultaneous chief executive search by No.

The Securities and Exchange Commission may revise aspects of some major reform legislation to answer concerns that smaller companies are overburdened by the new requirements.But Chairman William Donaldson, in an interview with the New York Times, denied that he is backing away from an aggressive regulatory stance taken in the aftermath of Enron and other massive accounting scandals. He said he wants the rules to be more “cost-effective,” without weakening them."I'm not reacting to the 'pendulum swinging too far,"' Donaldson said in an interview.

The U.S. Securities and Exchange Commission this week issued a release adopting amendments to establish a voluntary program related to eXtensible Business Reporting Language (XBRL). Registrants may voluntarily furnish XBRL data in an exhibit to specified EDGAR filings under the Securities Exchange Act of 1934 and the Investment Company Act of 1940.

Sun Microsystems, Inc. announced this week “Sun Java System Identity Auditor”, a comprehensive identity audit solution for helping to improve audit and compliance performance. Identity Auditor provides the most extensive feature set available today, can enable customers to create a secure identity audit trail and present a unified view of an individual's identity and system access activities. Sun is the only vendor to deliver proactive, automated, and sustainable visibility into identity controls across critical enterprise applications and the entire identity management infrastructure.

With the New York Stock Exchange's reputation as the market of choice for overseas companies at stake, the Securities and Exchange Commission signaled “a change in tone” yesterday toward foreign companies looking to avoid strict U.S. governance rules, Financial Times reported.The Sarbanes-Oxley Act of 2002 laid down stringent new rules designed to protect U.S. investors in the wake of a spate of corporate scandals. Foreign companies are currently required to follow Sarbanes-Oxley if they are publicly listed in the U.S.

Penthouse International Inc.