Word: sox
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...could everything go so perfectly right, then so terribly wrong, so quickly? If you’re a Red Sox fan, the best way to describe this was Game...
...change in the relationship is largely because of Sarbanes-Oxley, known in the trade as Sox or Sarbox. The 2002 law stiffens accountants' spines in part because it places them under a new federal watchdog agency that will soon start spot-checking their work. That agency, the Public Company Accounting Oversight Board, also has an industry moniker--Peek-a-Boo--and recently issued a stricter set of rules detailing how auditors should evaluate internal controls. Companies must test these controls regularly, and such tests must be conducted by a firm different from the company's outside auditor, to avoid conflicts...
Watchdog groups, on the other hand, say some of the changes imposed by Sox are toothless. When Congress was drafting the law, "the accounting firms worked hard to minimize its scope," says Barbara Roper of the Consumer Federation of America. Unlike the mutual-fund and securities industries, she says, "the accounting profession never really acknowledged that there was a serious problem with the way it did business...
...could everything go so perfectly right, then so terribly wrong, so quickly? If you’re a Red Sox fan, the best way to describe this was Game 7 On Ice. Early in the third period, the Harvard men’s hockey team was cruising. It had a three-goal lead. It had already scored a season-high three power-play goals. Its goaltender was playing the game of his life...
...Montijo’s 10-year plan of living with her mother, brother and sister while teaching. Home was also Monica’s destination when she took a year off from Harvard. She spent that time helping to coach her sister’s All-Star Bobby Sox team and sold vacuums for a few months before returning to Cambridge for the summer...