By Samuel A. DiPiazza
Company reporting in a post-apocalypse worldwide marketplace
in actual fact, now could be the time for developing a good business-reporting version applicable for the markets of the twenty-first century. instead of commence from scratch after the Enron-Andersen fiasco, prime experts from PricewaterhouseCoopers current a plan that vitamins the present version, one during which executives, accountants, analysts, traders, regulators, and different stakeholders can actually embody the spirit of transparency. the way forward for company Reporting highlights the simplest practices for worldwide monetary reporting, explaining the concept that of "performance auditing," which makes a speciality of the true functionality of the company in preference to technical adherence to GAAS. Eccles and Masterson additionally speak about the professionals and cons of GAAP v. IAS, current new techniques to reforming monetary reporting, and description a twenty-first-century version of accounting that would increase markets and gain shareholders.