Recent Posts

SOX, the Destruction of Evidence And Dr. Seuss: Is a Fish A Tangible Object?
Posted on 5 Mar 2015 by Thomas O. Gorman

Section 1519 was passed as part of the Sarbanes-Oxley Act in the wake of Enron’s massive accounting fraud. The section was designed to fill a gap in the law by preventing corporate document-shredding to conceal evidence of financial wrong doing... Read More

More Sarbanes-Oxley Anniversary Thoughts
Posted on 6 Aug 2012 by Francine McKenna

The day my OpEd in the Financial Times was published, July 30, there were many other stories in other publications marking the occasion of Sarbanes-Oxley's tenth anniversary. Most of them focused on the lack of prosecutions of CEOs and CFOs for... Read More

Scott London Subverted Sarbanes-Oxley: Big Four Mock Audit Partner Rotation
Posted on 23 Apr 2013 by Francine McKenna

The earth rotates around the sun. Galaxy Doppler shifts are almost always redshifts. The further away the galaxy the faster it is receding. I'm learning a lot in my first class, Cosmology, in the University of Chicago Masters in Liberal Arts... Read More

Whistleblowing: What Difference Does it Make?
Posted on 9 Mar 2015 by Kevin M. LaCroix

In recent years, one of the favored responses of legislative reformers and regulatory enforcement authorities to financial fraud and other corporate misconduct has been the encouragement of whistleblowing activity. Both the Sarbanes-Oxley and the Dodd... Read More

Cornerstone Research Releases Study of Accounting Class Action Securities Cases
Posted on 23 May 2012 by Kevin M. LaCroix

On the eve of the tenth anniversary of the enactment of The Sarbanes Oxley Act, Cornerstone Research has released a study of the filing trends and settlements of securities class action lawsuits involving accounting allegations. The May 2012 report entitled... Read More