Audit & Accounting

Bankruptcy filings rose 10 percent last year, to a record 1.78 million, according to figures released by the federal court system.

After 16 years, the executive director of the Securities and Exchange Commission will step down to pursue opportunities in the private sector.

Three consumer credit reporting agencies announced that they have created a new credit scoring system to simplify the loan process for lenders and borrowers.

The Securities and Exchange Commission and the Financial Services Authority, the regulator of financial services providers in the United Kingdom, have signed an agreement to increase cooperation in market oversight and supervision.

The Securities and Exchange Commission is seeking public comment on the Public Company Accounting Oversight Board's proposed ethics and auditor independence rules concerning independence, tax services and contingent fees.

The U.S. Chamber of Commerce said that the Securities and Exchange Commission is overstepping its bounds in seeking to punish corporate wrongdoing.

The Securities and Exchange Commission announced a series of roundtables that will be held throughout the year, with a focus on speeding the implementation of new Internet tools to help provide investors and analysts with better financial information about companies and funds.

With plenty of biting words, a federal judge released former KPMG accounting executive David Greenberg on $25 million bail, ordering him to live in Manhattan under electronic monitoring until his trial for tax fraud begins.

Online fraud and the use of the Internet to perpetrate insider trading, market manipulations and other securities violations will be the focus of the Securities and Exchange Commission Historical Society's first "Fireside Chat" for 2006.

The American Enterprise Institute will host a morning conference, titled " Sarbanes-Oxley: What Have We Learned?" on March 13.