October 01, 2004
Maybe Quasi-Private Organizations Need Sarbanes-Oxley
It seems to be that when large corporations' CEO's and CFO's are being vilified, we have quasi-privae organizations such as Fannie Mae (certainly not the only one) who are committing huge frauds, but somehow they do not have to comply with the same sort of regulations on transparency and disclosure that publicly held companies do. Something is wrong...Seems to me that the SOA needs to be expanded to all organizations on which the public places their faith. The organizations that represent the government should be even MORE accountable to the public.
See the excerpt below:
"WASHINGTON — Fannie Mae, the giant mortgage company that has been accused of earnings manipulation by U.S. regulators, now also has become the subject of a criminal investigation by the federal Justice Department.
An accounting crisis is swirling at the company, which is the biggest financer of home mortgages in the United States, and scrutiny of it is widening across the government."
See the complete article
To see how your company can rapidly and effectively implement Sarbanes-Oxley, see information on Issues Central Sarbanes-Oxley Compliance Playbook(tm) www.issuescentral.com or call (416) 977-1496
See the excerpt below:
"WASHINGTON — Fannie Mae, the giant mortgage company that has been accused of earnings manipulation by U.S. regulators, now also has become the subject of a criminal investigation by the federal Justice Department.
An accounting crisis is swirling at the company, which is the biggest financer of home mortgages in the United States, and scrutiny of it is widening across the government."
See the complete article
To see how your company can rapidly and effectively implement Sarbanes-Oxley, see information on Issues Central Sarbanes-Oxley Compliance Playbook(tm) www.issuescentral.com or call (416) 977-1496
