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Business reporting in a post-apocalypse global marketplace Clearly, now is the time for creating an effective business-reporting model appropriate for the markets of the twenty-first century. Rather than start from scratch after the Enron-Andersen fiasco, two leading consultants from PricewaterhouseCoopers present a plan that supplements the current model, one in which executives, accountants, analysts, investors, regulators, and other stakeholders can truly embrace the spirit of transparency. The Future of Corporate Reporting highlights the best practices for global financial reporting, explaining the concept of "performance auditing," which focuses on the real performance of the business as opposed to technical adherence to GAAS. Eccles and Masterson also discuss the pros and cons of GAAP v. IAS, present new approaches to reforming financial reporting, and outline a twenty-first-century model of accounting that will improve markets and benefit shareholders. There is a crisis in corporate reporting: the Enron bankruptcy; the shattering of a prestigious global accounting firm; criminal and civil litigation against management, financial institutions, and law firms; stock market volatility caused by repeated restatements and uneasy investors-add to this angry U.S. congressional hearings, pressure on and by the Securities and Exchange Commission, and talk of new rules and new regulatory bodies. The impact is global. There are no walls or oceans around this crisis: it affects the entire world's capital markets, investors, and economies. Why has this happened? What must we do? What insights and innovations will prevent future financial disasters? The worlds of finance and investment need answers. The investing public demands them. In this important new book, written as these events have unfolded, the CEO of PricewaterhouseCoopers and a former Harvard Business School professor put before us their recommendations for addressing the crisis. Take the journey with them, from pioneering concepts to pioneering technology. Their views build on a decade of research, analysis, and dialogue with business leaders assembled by a team of the profession's finest thinkers. The time is ripe for change. What is needed is an entirely new level of clarity and relevance. To this end, DiPiazza and Eccles propose a Three-Tier model of corporate transparency that draws from the best thinking and practices worldwide. And there is a technology enabler that can help us get there: the authors show that this twenty-first-century style of reporting is a perfect fit for new Internet/XBRL technology. This is the book we were waiting for. The blueprint for the future of corporate reporting is in these pages. Committed to quality, clarity, and relevance in corporate reporting, now and in the future, PricewaterhouseCoopers shares its thinking in a time of crisis and renewal. Building Public Trust: The Future of Corporate Reporting continues and deepens thinking first presented in another book from PricewaterhouseCoopers and John Wiley & Sons: The ValueReporting Revolution: Moving Beyond the Earnings Game, by Robert G. Eccles, Robert H. Herz, E. Mary Keegan, and David M. H. Phillips. From the World's Leading Accounting Firm, A Blueprint for the Future of Corporate Reporting "PricewaterhouseCoopers should be commended for its forward thinking on this subject. They have been promoting the benefits of greater corporate transparency long before Enron. We are impressed with their refreshingly candid views on the obligations of corporations, accountants, standard setters, and regulators. Their three-tier model of corporate transparency for building investor confidence in corporate reporting is yet another contribution for how to make this happen." -John Connors Senior Vice President and Chief Financial Officer Microsoft

정보제공 :

Foreword.
 
 Preface.
 
 Subject Matter Experts.
 
 Acknowledgments.
 
 Prologue.
 
 Three Tiers.
 
 Accounting Standards.
 
 Industry Standards.
 
 Good Management.
 
 Corporate Reporting.
 
 The Internet.
 
 Future Audits.
 
 Epilogue.
 
 Index.

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