Wallstreet Cred
13 September 2012
The Asian economic crisis sparked renewed calls for a harmonised global accountancy framework, but how would this boost corporate credibility and benefit stakeholders?
In a recent speech on the state of us accounting, Arthur Levitt, chairman of the us Securities and Exchange Commission, made a striking observation. "The significance of transparent, timely and reliable financial statements, and their importance to investor protection, has never been more apparent."
He went on to explain this statement. "The current financial...