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Tag Archives: Enron

Did Sarbanes-Oxley go too far, or not far enough?

At the 10th anniversary of the Sarbanes-Oxley Act (SOX) that was passed by Congress after the Enron and WorldCom accounting scandals, Congress is considering modifications to the act. Still being debated is whether the act went far enough — or too far. Some pro business organizations have said the most damaging thing about the Enron collapse was that it resulted ...

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Investigating a crisis

For those who last year watched the 11-hour televised Senate hearings of Goldman Sachs, many will remember an exchange between Sen. Carl Levin (D-Mich.), chair of the Senate’s Permanent Subcommittee on Investigations (PSI), and Goldman Sachs CFO David Viniar. Grilled by Levin concerning internal documents that showed the investment banker knew its activities were fraudulent, Viniar responded that it was ...

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