If McKinleyville’s nearly three-week long stretch of no games causes the club to incur any rust, it didn’t show.And now the Panthers are a win away from their first outright Big 5 Conference championship since 2011.The McKinleyville High softball team, behind a complete-game performance from pitcher McKenzie Gonsalves and a few-too-many errors on behalf of Eureka, picked up a 7-4 win at home on Wednesday.The win assures McKinleyville — now 10-0 in conference — a share of the Big 5 crown, a …
Since Sarbanes-Oxley (SOX) regulations were passed after the Enron scandal, businesses, particularly those small and medium sized, have complained about Section 404 which they have viewed as being onerous to comply with. The problem has been with the language of the ruling. The vagueness of the SOX language has made many accountants and auditors interpret the law very conservatively. Accountants and auditors are often worried that they could be sued by the SEC or investors if fraud is discovered at a later date.The result has been that companies fees for auditing and accounting have soared. An AMR report shows that costs related to SOX have increased from $2.5 billion in 2002 to $6.1 billion in 2005.For companies targeting SOX with products, services and consulting, this has been good news. Many software vendors have targeted the problem with specialized software. Companies addressing the problem include IBM, Oracle, SAP AG and Microsoft. The Big Four accounting firms have also benefited.Proposed guidance for SOX compliance from the SEC is expected in December. The Wall Street Journal this weekend reported that the new language will relax requirements of Section 404 compliance. In the long-term that is likely to save companies money and provide them with confidence that their procedures are compliant. But in the short-term it may mean that recently implemented processes for achieving compliance will again need to be reviewed, changed and updated.
The Army on Tuesday said a fire broke out in north Kashmir’s Machil Sector, resulting in the damage of infrastructure. An Army spokesman said the fire broke out at 2 p.m. and was brought under control. “Some damage to property took place,” said the spokesman, without divulging any details.Unofficial reports suggest an entire Army camp was taken over by the flames located close to the Line of Control in the Machil Sector in Kupwara. It housed the soldiers of the Army’s 44 Rashtriya Rifles headquartered at Hamar Gali in the Machil sector.The fire damaged large parts of the camp, which housed oil barrels and some ammunition. However, the Army has been silent over the details of the damage. “There was no loss of life. The cause of the fire is being ascertained,” said the Army spokesman.
Airlines told to keep fares in check as 6,000 fly out of Srinagar Congress seeks PM’s statement in Parliament on J&K In a rare step, a red alert was sounded for officials of the otherwise peaceful district of Kargil in the Ladakh region.A security alert was already sounded across J&K, including Jammu region’s Pir Panjal and Chenab valleys. All the leave of government employees and scheduled examinations were cancelled, an official said.Several colleges, factories and hostels were vacated and occupied by additional troops in the Valley. Hospitals were put on an emergency mode, said a senior official on the condition of anonymity. Dozens of mobile bullet proof bunkers were installed across the Valley.Meanwhile, special cell phones and satellite sets were distributed among the top officials, including police, in the State.Scores of political workers of the mainstream parties in south Kashmir were summoned to the police stations, a spokesman of J&K Peoples Movement said.Also Read An uneasy calm enveloped the Kashmir Valley on Sunday as additional security forces occupied civilian installations and police stations and were put on “standby mode.”National Conference (NC) president Dr. Farooq Abdullah chaired an all-party meeting in Srinagar and appealed to Prime Minister Narendra Modi “not to revoke J&K’s special status.”The security build-up took a final shape on Sunday, a top police official said on the condition of anonymity.Also Read The J&K Cricket Association also evacuated cricketer Irfan Pathan, who coaches local players, and around 100 players to Jammu. Hundreds of students of the National Institute of Technology and the Institute of Hotel Management were provided buses to leave the valley, officials of these institutes said.Dr. Abdullah said all parties resolved to be united in “protecting the identity, autonomy and special rights of J&K.”“Modification or abrogation of Article 35A or Article 370 would be aggression against the people of J&K,” read the joint statement called ‘Gupkar Declaration.’The leaders unanimously sought an audience with the President and Prime Minister of India and the leaders of other political parties “to apprise them of the situation and make an appeal to safeguard legitimate interests of the people of the State with regard to guarantees given by the Constitution of our country.”Also Read Uncertainty grips Kashmir Valley Dr. Abdullah also appealed to both India and Pakistan not to take any step that could aggravate the tension between the two countries.The all-party meet was attended by Peoples Democratic Party (PDP) president Mehbooba Mufti, Peoples Conference leader Imran Ansari, Congress leader Taj Mohiuddin and J&K Peoples Movement chief Shah Faesal among others.Later, Ms. Mufti took out a candlelight march. “There is urgent need for the Centre to allay fears in the Valley and reach out to the people. J&K’s special identity is a matter of right and not privilege,” she said.