Managing in turbulent times | What's it really worth? Recent market announcements have seen a particular emphasis on the impairment of assets and investments, and how well those reports are reflecting “real” values. “What’s it really worth? Factoring valuations into good governance” (pdf, 633kb) offers Directors insights into impairment, the importance of considering this early and bracing yourself for a difficult and heavily audited road ahead. Summary of second SEC roundtable on fair value accounting The US Securities and Exchange Commission (SEC) hosted the second of two roundatables focused on fair value as used by financial institutions. The roundtables are public hearings intended to provide the SEC with insights from investors, companies and other market participants affected by the current market conditions. This latest roundtable centered on whether potential improvements to existing fair value accounting standards are warranted (pdf, 490kb). Audit committees refocus during the financial crisis Not surprisingly, audit committee agendas and discussions have changed focus drastically due to the financial crisis. The economic downturn demands additional audit committee scrutiny (pdf, 88kb) in many areas. Read on to find out what these concerns are and how company boards are dealing with them. Manage risk in the current climate This issue of BoardMatters Quarterly, "Managing risk in the current climate" (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times. |
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