Tuesday, June 20, 2006 Prosecutors charged Micatrotto, 54, with wire fraud because he failed to disclose the $65,000 payment on Buca's 10K filing with the Securities and Exchange Commission. Sarbanes-Oxley, enacted during a 2002 wave of corporate scandals, stiffened penalties for corporate fraud and required CEOs and chief financial officers to personally certify in writing the accuracy of company financial statements. "The message we want to send is that financial certification requirements mean what they say, and if you're a CEO or a CFO and you violate that, expect to be prosecuted for that," said Assistant U.S. Attorney Hank Shea. Former CEO at Buca pleads guilty to wire fraud Previous articles Sarbox Has Widespread Impact on Revenue Recognitio...
|
Sponsored by:
Kumquat: Get the feedback you deserve
Learn more
FREE to Inside Sarbanes Oxley readers
|
About inside Sarbanes-Oxley inside Sarbanes Oxley is dedicated to finding the best sources of news and information on the changing landscape of Sarbanes Oxley and compliance. Whether you call it SOX, Sarbox, or the Sarbanes-Oxley Act of 2002, look no further than inside Sarbanes Oxley. More Copyright © 2004-2006, Inside Sarbanes-Oxley
|
Additional resources Try these recently updated resources: RSS Feed Interested in staying up-to-date on all the latest Sarbanes-Oxley news? Subscribe to the inside Sarbanes-Oxley RSS feed and get all of the latest news on SOX delivered directly to your feed reader. inside
Sarbanes-Oxley RSS Feed
|
