Efforts to improve corporate governance in the wake of the financial crisis should have financial reporting at their heart

Bruce, Robert
September 2012
Financial Management;Fall2012, Vol. 41 Issue 3, p18
Trade Publication
The author discusses the importance of effective financial reporting in corporate reforms as demonstrated by business management decisions and failures of the 2008-2009 global financial crisis. He notes that many companies have adopted International Financial Reporting Standards (IFRS) to improve the international comparability of their annual reports. He argues that reports in this format tend to present anonymous investment data instead of real information about the specific companies.


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