The companies mainly disclosed failings to the SEC relating to the notorious section 404 of the Sarbanes-Oxley Act in internal controls.
According to The Times today, 582 companies have admitted failings, a figure revealed through research conducted for US corporate finance newsletter Compliance Week.
The figures are likely to place SEC chief William Donaldson to soften the regulatory burden facing companies trading on US markets.
Donaldson is in the UK to speak at the London School of Economics todays, where he is expected to elaborate on the future of US corporate regulation.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements