Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it …
The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over two days last week, the Financial Review Council …
Corporations’ internal control over financial reporting has “significantly or moderately improved” in the 10 years since the Sarbanes-Oxley Act (SOX) became law, according to a majority of executives surveyed by the consulting firm Protiviti. “Sarbanes-Oxley has had its share of …
