Playing by the new rules.
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THE recently passed Sarbanes-Oxley Act is the most far-reaching federal crackdown on corporate fraud since the Great Depression. But CEOs, directors and shareholders beware — a host of issues, such as whether or not to expense stock options, still remain. Sarbanes-Oxley has set new guidelines for accounting and fraud, in addition to creating new criminal penalties for rogue executives. More than 130 pages long, the… |