I N D U S T R Y  N E W S

Business Wins Its Battle to Ease A Costly Sarbanes-Oxley Rule

By KARA SCANNELL and DEBORAH SOLOMON
November 10, 2006; Page A1

WASHINGTON -- Business has won the battle to ease one of the most controversial requirements mandated by the Sarbanes-Oxley corporate-reform law: that companies first review their own systems for ensuring accurate financial reports and then have them tested by outside auditors. Read more...

Outside Audit Accounting Watchdog Falls Behind

Regulator Has Yet to Issue Annual Inspection Report For Any of Big Four Firms

By DAVID REILLY
November 10, 2006; Page C3

The regulator that oversees accounting firms has fallen behind in a key task: issuing inspection reports on how well the country's biggest firms are doing in their work auditing public companies. Read more...