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Posts tagged “reporting”

Outliers and broken windows – SEC vows closer scrutiny of financial reporting and audit fraud

After several years of focusing primarily on litigation and other actions stemming from the financial crisis, the Securities and Exchange Commission has indicated that it will now be looking toward other areas, including financial reporting and audit fraud. Andrew Ceresney, the SEC’s head of enforcement, recently commented to the Wall Street Journal CFO Network that his agency’s watchdogs will be looking more closely for red flags at corporations as well as audit firms that could indicate fraudulent activity or cover-ups.

And SEC Chairwoman Mary Jo White has stated that one of the commission’s goals is to see that the enforcement program is everywhere, both in actuality and perception, “pursuing all types of violations of our federal securities laws, big and…

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“Maybe Journalism” versus meticulous reporting. Unhappy ending?

“Maybe Journalism” fought with amazing journalism for front page space in Sunday’s New York Times.

Peter Baker’s meticulously reported reconstruction of President Barack Obama’s intense debate over the conduct of the Afghanistan war is an example of painstaking, high-level reporting. Based on longtime relationships and sources, reporter’s credibility, numerous interviews and an intimate expertise, Baker compiled a report that brings readers into the inner workings of the Obama administration during one its most trying periods.
 
What is the value of such revealing, time consuming and for the Times, expensive, reporting? As Baker wrote, “The three-month review that led to the (strategy) is a case study in decision making in the Obama White House.”

As…

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What Happens with an International Social Responsibility Standard?

You know how international consensus standards can influence your organization and the regulations and stakeholders you deal with. Consider the impact of the ISO 9000 quality standards and the ISO 14000 environmental management standards. Next up: a proposed ISO 26000 standard on social responsibility.

The 109-page draft from the International Organization for Standardization is wide-ranging, covering organizational ethics and governance, transparency, human rights, labor practices, the environment, consumer issues and community involvement. Here, you’ll find lots of best practices and guidance, but, as the draft moves toward review and approval, and then potential adoption by organizations and countries, the stakes rise.

Included among the draft recommendations…

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