News
Europe takes step toward mandatory audit firm rotation
The EU took a step toward requiring mandatory audit firm rotation when the European Parliament’s Legal Affairs Committee voted 15–10 in favour of a draft law that would require public-interest entities such as banks, insurance firms and listed companies to rotate audit firms every 14 years.European Commission announces new anti-tax-evasion platform
In response to reports that tax evasion costs EU member countries up to €1 trillion a year, Algirdas Šemeta, European Commissioner for Taxation, Customs, Statistics, Audit and Anti-fraud, announced the establishment of a Platform for Tax Good Governance.Finance execs meet rising demands with three key strategies
New regulations and increasing complexity are demanding additional attention from finance executives even as they try to meet a growing need for their services as strategic partners in their companies.Finding your pace in the three-speed world economy
The International Monetary Fund forecast a three-speed global recovery starting in 2013: Economies in Asia, sub-Saharan Africa and Latin America are projected to be in the lead, with the US picking up some speed and Europe lagging.What to ask when evaluating your risk-assessment process
Executives and boards of directors can benefit from a periodic assessment of risks on the horizon to position their organisations for a proactive response to emerging risks. Consider asking these questions as you evaluate your company’s risk-assessment processes.Dated approach to information risk costing businesses
Companies that take a heavy-handed approach to the management of information risk are dragging down their own bottom line, even as they continue to find value in the information they’re harvesting. CEB research discusses how companies can be better at managing instead of simply reducing risk.Why CFOs’ roles are shifting
Among CFOs in the United States, 72% expect their role to expand in the next year. That’s similar to last year’s numbers in an annual survey by The CFO Alliance. The priorities involved in that role change are also shifting.Why more data does not guarantee better business decisions
While the amount of data that companies collect can be good for business, the numbers themselves are not a guarantee of success. Human expertise is needed to parse the data.International tax transparency improves, but still needs work, OECD Global Forum finds
While many countries have made progress in increasing tax transparency over the past few years, some countries continue to have “serious deficiencies.”CEOs put China at top of investment wish list
China is transforming from a low-cost labour market into the world’s largest middle-class consumer market, and CEOs are taking note. In a survey of CEOs from around the world, China emerged as the most attractive country for foreign investments.Integrated reporting takes a big step with international framework draft
Integrated corporate reporting took a significant step forward with the release of a consultation framework draft by the International Integrated Reporting Council.Indonesia’s consumer base to double by 2020
Indonesia is an emerging economic powerhouse with a consumer population that is projected to nearly double by 2020. But companies entering the Indonesian market have to overcome infrastructure challenges and tailor their marketing messages to a family-oriented, bargain-hunting society.Search for growth drives rise in cross-border acquisitions
Interest in mergers and acquisitions declined in 2012 due to sovereign debt crises in Europe, fiscal uncertainty in the US and political instability in the Middle East. But a Grant Thornton study suggests the appetite for cross-border deals increased.UK companies lax on supply-chain risk
Half of UK companies are failing to investigate the potential legal and reputational risks posed by their supply chain, according to new research by Ernst & Young.New proposal in lease project narrowly advances
By a narrow margin, FASB decided to issue a re-proposal in its project on financial reporting for leases.Talent retention tops CFOs’ staffing concerns
Retaining valuable staff members is CFOs’ top staffing concern, according to a recent survey. Read about how companies can create an environment where employees want to stay after the difficult times created by the financial crisis led to disillusionment and lowered morale.Three takes on measuring performance
A good performance management system goes beyond setting annual targets that manager and employee meet to discuss once a year. Three business leaders discuss how they apply performance management to their industries.US outsourcing grows in tech industry, with China as top destination
More than three-fifths of finance chiefs in the US say their companies plan to outsource or manufacture products overseas, according to a new survey.Workers’ stress has risen, but employers can put them at ease
Optimism in the US economy is rising, and Europe appears to have clawed its way back from the brink of financial collapse, but stress in the workplace remains a huge problem for employees and workers alike.
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