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Keyword: accountingstandards

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  • Goodbye to Reforms of 2002

    11/14/2009 10:08:36 AM PST · by neverdem · 4 replies · 454+ views
    NY Times ^ | November 6, 2009 | FLOYD NORRIS
    It took just five weeks after the WorldCom accounting scandal erupted in 2002 for Congress to pass, and President George W. Bush to sign, the Sarbanes-Oxley Act. That... --snip-- The House Financial Services Committee this week approved an amendment to the Investor Protection Act of 2009 — a name George Orwell would appreciate — to allow most companies to never comply with the law, and mandating a study to see whether it would be a good idea to exempt additional ones as well. Some veterans of past reform efforts were left sputtering with rage. “That the Democratic Party is the...