FAF Warns of SOX Scam

The Financial Accounting Foundation issued a warning Tuesday, saying that some of its constituents have been contacted by parties falsely claiming to be members of the Financial Accounting Standards Board staff and promoting the sale of Sarbanes-Oxley compliance materials.The foundation did not offer any further information, but did say that it had brought the matter to the attention of the Securities Exchange Commission, as well as law enforcement officials. The foundation also asked any constituents who believe they have been exposed to the scheme to contact their local authorities.