11. The regulatory scrutiny comes after a series of high-profile corporate accounting frauds, at companies including Cendant, Sunbeam and Livent, which their auditors missed. 12. The Securities and Exchange Commission announced enforcement actions Tuesday alleging accounting fraud against these companies and individuals. 13. The SEC said Monday it also will continue to go after financial accounting fraud by publicly traded companies. 14. A judge Friday ordered the appointment of a corporate monitor to oversee operations at embattled telecom firm WorldCom in the wake of allegations of massive accounting fraud. 15. Networking stocks were posting gains after being pushed much lower earlier in the week on news of a massive accounting fraud at WorldCom. 16. The allegations followed a two-year investigation into possible accounting fraud. |