SEC Grants Extension On Internal Controls Reporting
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December 01, 2004 - The US Securities and Exchange Commission on Tuesday issued an exemptive order to grant certain accelerated filers up to an additional 45-days to include in their annual reports managementâs report on internal
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NEW YORK, December 16  - According to a report in the Washington Post today, the Securities and Exchange Commission (SEC) has advised Fannie Mae (FNM.
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Siemens AG has extended its amnesty  offer to employees in connection with a probe into a corruption  scandal until the end of February, the company said on  Thursday.
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(InfoWorld) - The U.S. Department of Justice (DOJ) and Microsoft filed formal paperwork Wednesday to extend part of an antitrust judgment against the company for at least two years. The extension of U.S. District Court Judge Colleen Kollar-Kotelly's November 2002 antitrust settlement would give Microsoft more time to complete work on technical documentation for licensees of its communications protocols. The DOJ and Microsoft filed a joint request Wednesday for Kollar-Kotelly to approve the extension, which the DOJ proposed in May. The antitrust order had been scheduled to expire in November 2007. If the judge approves the two-year extension, the DOJ and 17 state plaintiffs in the antitrust case can ask for an additional three-year extension if they still have complaints about Microsoft documentation. Microsoft has said it will not oppose a second extension. Under the settlement, Microsoft is required to license the communication protocols to other IT vendors interested in developing server software that works with Microsoft's Windows operating system. But as of May, hundreds of bugs in the technical documentation remained. A technical committee working with the antitrust plaintiffs identified 575 bugs in the technical documentation as of Feb. 8. By March 16, Microsoft had whittled the bugs identified by the technical committee down to 307, but the number of high-priority bugs grew from 68 to 71 in that period. By May 8, the number of high-priority bugs with a 60-day deadline grew to 79, and the total number of bugs identified by the technical committee was 414.
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WASHINGTON -- The corporate oversight board created amid the accounting scandals is encouraging people to come forward with information by making it easier for company employees and others to report tips and complaints.
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WASHINGTON (CBS.MW) -- In a move aimed at fostering greater transparency, the Securities and Exchange Commission voted Tuesday to consider rules that would require exchanges like the NASD and New York Stock Exchange to provide the agency with more
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The Securities and Exchange Commission on Monday announced it has awarded four contracts worth a total $54 million for its program meant to make the information that companies are required to disclose in SEC filings easier for the public to find and understand.
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AES announced last night that it would restate its past financial results because of accounting "errors" that it said "would likely be material" for 2006, and it notified the Securities and Exchange Commission that it was seeking an extension to March 16 to report results.
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SEC upgrades investigation into vaccine manufacturer.
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The Treasury Department and Internal Revenue Service Monday gave some breathing room to companies that will be forced to restructure their executive pay plans to comply with new restrictions on deferred compensation that Congress enacted this fall.
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Section 404 of the Sarbanes-Oxley Act mandates a company&#39;s auditor to identify &quot;any material internal control weakness&quot; or &quot;significant deficiency,&quot; in verifying that management has sufficient
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ALEXANDRIA, Va.  - A federal judge on Thursday  approved an agreement between the government, lenders and US  Airways to extend financing needed to keep the bankrupt airline  flying until mid-January.
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The U.S. Commerce Department said Wednesday it will extend its oversight of the California organization that handles domain name policies, while finding ways to improve the group's accountability and transparency.
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American companies were granted a six-month delay Wednesday on the deadline for reporting the value of stock options granted to employees as an expense - a change that would delay the reduction in reported profits for many companies, particularly in the
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WASHINGTON, Sept. 26  Â The New York Stock ExchangeÂs regulatory unit said Tuesday that it expected to refer 140 potential insider trading cases to the Securities and Exchange Commission this year, up 26 percent from 2005.
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General Motors Corp.  on Thursday said it would request an extension with securities regulators until March 16 to file its delayed annual report and fourth-quarter results.
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WASHINGTON - U.S. President George Bush on Monday signed a bill that included an 18 month extension of a research and development (R&D) tax credit sought by many IT groups.