Posts by Topic--2006

Below is a list of posts on the blog organized by the relevant statute or other subject matter for 2006. For 2007 posts by topic, visit here. For current posts by topic, visit here.

Accounting

UK Big Four Audit Firms Pass Inspection
Can Big Four Go to Big Five and Prevent Big Three?
SEC Defends Constitutionalty of PCAOB Against Court Challenge
Why Not Just Adopt IFRS for US Company Financials
CalPERS, TIAA-CREF Defend Constitutionality of PCAOB
Audit Committes Cannot Ignore the PCAOB
New CESR-Fin Head Calls for Accountants Discussion and Analysis
McCreevy Updates EU Corp Governance Plan, Wants Consistent IFRS
Atkins Seeks Stronger SEC Oversight as PCAOB Revises Internal Control Standard
FSA Chair Says UK Will Not Have Only Principles-Based Regs
International Audit Regulator Forum Created
PCAOB Changes Implementation Period for Tax Service Rule
International Audit Firms Call for New Reporting Model and Int'l Audit Standards
New Senate Banking Chair Believes Independent Financial Statement Audit Key to Investor Confidence
Threat of Differing Interpretations Haunts IFRS
PCAOB Member Issues Ringing Endorsement of 404 Internal Controls
FSA Chief Executive Examines Audit Concentration in Big Four Firms
New Senate Banking Chair Believes Independent Financial Statement Audit Key to Investor Confidence
Threat of Differing Interpretations Haunts IFRS
Expert Group Seeks Changes to PCAOB Internal Control Standard
European Commission Extends Use of GAAP for Two Years

Attorney Fees

Federal Court Awards Fees and Costs under 11(e) Against Plaintiff's Law Firm

Audit Committees

Audit Committes Cannot Ignore the PCAOB

Blue Sky Law

Finders
Why More States Have Not Adopted the Model Uniform Securities Act of 2002
Hedge Funds and State Securities

Broker-Dealers

Congressional Inaction on Soft Dollars Heightens Importance of SEC Guidance
Congress Mandates Adoption of Long-Delayed Bank Broker Rules
Congress Reforms Process for Designating Credit Rating Agencies
Finders

Corporate Governance

Delaware Court Nails Duty to Act in Good Faith
Atkins Imports Business Judgment Rule Into SEC's World
SEC Should Not be Applying Business Judgment Rule
New Compensation Committee Report Is Bone to Corporate Community
Fund Industry Pushes Back Again on SEC Independent Chair Rule
Former Delaware Chancellor Discusses Controlling Shareholders
McCreevy Updates EU Corp Governance Plan, Wants Consistent IFRS
Corporate Strategy and Corporate Corruption
Sarbanes-Oxley and EU Comply-or-Explain Not That Far Apart
Global Pension Funds Ask SEC to Give Shareholders Access to Director Elections
Martin Feldstein Examines Corporate Governance
SEC Enforcement Director Says Have Consistent Process for Granting Options
Why More States Have Not Adopted the Model Uniform Securities Act of 2002
Court Enron 11(e) Ruling Also Aids Good Governance
Is It the Twilight of the Publicly-Traded Company?

Derivatives

UK Senior Official Warns of Risk Management Problems with Derivatives
Congress Clears Derivatives Netting Measure
European Central Bank VP Sees "Perfect Storm" of Derivatives and Hedge Funds

Enforcement

DOJ Revises Thompson Memorandum
Cross-Border Cooperation Seen in Hong Kong Enforcement Action

Exchanges

Cox Endorses Single Joint SRO for NYSE and NASD
UK Bill Would Give FSA Veto Power over Exchange Rules

Executive Compensation

Executive Compensation Disclosure — Certification an Unintended Consequence?
Coordinating with PCAOB Compels August Adoption for Exec Comp Rules
Executive Comp Rules Slated for Summer Adoption
Will the CD&A Be Filed or Furnished: We May Know this Week
SEC Reforms Executive Compensation Disclosure
Compensation Committee's Role Will Change
Reproposal on Disclosure of Highly Paid Employees May Be No Better
SEC Is Serious About CD&A
Disclosure Committees Must Prepare for New Exec Comp Regime
New CD&A Must Do Some Heavy Lifting on Options
New Compensation Committee Report Is Bone to Corporate Community
New CD&A Destined To Be As Big As MD&A
Eminent Persons Ask SEC to Reopen Options Expensing Debate
When Is CEO Pay “Excessive?”
SEC Enforcement Director Says Have Consistent Process for Granting Options
Incoming SEC Oversight Chair Will Focus on Executive Compensation and Hedge Funds

Financial Services

Law Professors and Trade Groups Duel on Efficacy of SEC-Banking Guidance
The Coming of Basel II Casts Home-Host Regulator Debate into Stark Relief
Senate Passes Military Financial Antifraud Bill with Broader Provisions
Pension Reform Act Creates Fiduciary Adviser for 401(k) Plans
Congress Mandates Adoption of Long-Delayed Bank Broker Rules
Congress Reforms Process for Designating Credit Rating Agencies
Fed Gov Bies Gives Blueprint for Enterprise Risk Management

Guest Bloggers

Corporate Strategy and Corporate Corruption
Hedge Fund Regulation and Best Practices
Two Cheers for XBRL
When Is CEO Pay “Excessive?”

Hedge Funds

European Commission Adopts Watchful Waiting on Hedge Funds
Hedge Fund Trading Reaching Critical Mass
Hedge Fund Regulation Proceeding World-Wide
Hedge Fund Ruling Puts Ball in Congress' Court
SEC Staff Advises in Wake of Hedge Fund Adviser Ruling
Risk Management Not Total Answer to Hedge Fund Oversight
UK Shows the Way on Hedge Fund Regulation
Aussie Central Banker Views Geithner Hedge Fund Speech
Hedge Funds May Be Responsible for Rise in Insider Trading
Hedge Fund Regulation and Best Practices
Incoming SEC Oversight Chair Will Focus on Executive Compensation and Hedge Funds
UK Official Details Hedge Risks and FSA Response
Hedge Funds and State Securities
FSA to Consider Fund of Hedge Funds for Retail Investors
European Central Bank VP Sees "Perfect Storm" of Derivatives and Hedge Funds

Internal Controls

President Delegates Internal Control Exemption to Intelligence Czar
SEC Keeps Momentum Going on Easing of Internal Control Mandates
No Legislative Fix for Sarbanes-Oxley in This Congress
EU Corporate Governance Forum Rejects SOX Internal Controls
International Accountants Reject SOX Internal Control Model
COSO to Issue Guidance on Monitoring Internal Control Systems
Atkins Seeks Stronger SEC Oversight as PCAOB Revises Internal Control Standard
PCAOB Member Issues Ringing Endorsement of 404 Internal Controls
Expert Group Seeks Changes to PCAOB Internal Control Standard

International Issues

UK Big Four Audit Firms Pass Inspection
Why Not Just Adopt IFRS for US Company Financials
New CESR-Fin Head Calls for Accountants Discussion and Analysis
McCreevy Updates EU Corp Governance Plan, Wants Consistent IFRS
FSA Chair Says UK Will Not Have Only Principles-Based Regs
International Audit Regulator Forum Created
Sarbanes-Oxley and EU Comply-or-Explain Not That Far Apart
UK Senior Official Warns of Risk Management Problems with Derivatives
The Coming of Basel II Casts Home-Host Regulator Debate into Stark Relief
EU Corporate Governance Forum Rejects SOX Internal Controls
International Accountants Reject SOX Internal Control Model
European Commission Adopts Watchful Waiting on Hedge Funds
Hedge Fund Trading Reaching Critical Mass
Hedge Fund Regulation Proceeding World-Wide
UK Shows the Way on Hedge Fund Regulation
Aussie Central Banker Views Geithner Hedge Fund Speech
UK Official Details Hedge Risks and FSA Response
International Audit Firms Call for New Reporting Model and Int'l Audit Standards
UK Bill Would Give FSA Veto Power over Exchange Rules
EC White Paper Proposes Reform of Mutual Fund Regulation
Threat of Differing Interpretations Haunts IFRS
FSA Chief Executive Examines Audit Concentration in Big Four Firms
Threat of Differing Interpretations Haunts IFRS
European Commission Extends Use of GAAP for Two Years
McCreevy Asks PCAOB to Establish Roadmap with European Commission
UK Rejects XBRL, Hong Kong Exploring It
Cross-Border Cooperation Seen in Hong Kong Enforcement Action
FSA to Consider Fund of Hedge Funds for Retail Investors
European Central Bank VP Sees "Perfect Storm" of Derivatives and Hedge Funds

Investment Companies and Advisers

Hedge Fund Ruling Puts Ball in Congress' Court
Pension Reform Act Creates Fiduciary Adviser for 401(k) Plans
Fund Industry Pushes Back Again on SEC Independent Chair Rule
SEC Staff Advises in Wake of Hedge Fund Adviser Ruling
Senate Passes Military Financial Antifraud Bill with Broader Provisions
EC White Paper Proposes Reform of Mutual Fund Regulation

Legislative Matters

Are SEC and Incoming Oversight Chair Off to Rocky Start?

Litigation

Federal Court Awards Fees and Costs under 11(e) Against Plaintiff's Law Firm
DOJ Revises Thompson Memorandum

PCAOB

SEC Defends Constitutionalty of PCAOB Against Court Challenge
CalPERS, TIAA-CREF Defend Constitutionality of PCAOB
Audit Committes Cannot Ignore the PCAOB
Former SEC Chairmen Defend Constitutionality of PCAOB
Atkins Seeks Stronger SEC Oversight as PCAOB Revises Internal Control Standard
PCAOB Changes Implementation Period for Tax Service Rule
PCAOB Member Issues Ringing Endorsement of 404 Internal Controls
Expert Group Seeks Changes to PCAOB Internal Control Standard

Proxies

Appeals Court Rules in Favor of Proxy Director Access Proposal
SEC Will Move Quickly to Amend Shareholder Proposal Rule
Global Pension Funds Ask SEC to Give Shareholders Access to Director Elections
SEC Postpones Consideration of Shareholder Access

Sarbanes-Oxley Act

President Delegates Internal Control Exemption to Intelligence Czar
Is Sarbanes-Oxley Chilling Foreign Issuers from Listing in US?
SEC Keeps Momentum Going on Easing of Internal Control Mandates
No Legislative Fix for Sarbanes-Oxley in This Congress
EU Corporate Governance Forum Rejects SOX Internal Controls
International Accountants Reject SOX Internal Control Model
PCAOB Member Says Valuation Premium Trumps SOX Cost
SEC Defends Constitutionalty of PCAOB Against Court Challenge
Minister Says UK Will Legislate to Protect ``Light Touch'' Regulation
Sarbanes-Oxley and EU Comply-or-Explain Not That Far Apart
Study Shows Foreign Private Issuers Ready to Implement Sarbanes-Oxley

SEC Reporting

Two Cheers for XBRL
UK Rejects XBRL, Hong Kong Exploring It

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