Financial Accounting Blog

Wednesday, February 18, 2004 Reports that Punishment isn't the sole answer to Corporate America's problems, those in government hope that regulation, rather than incarceration, will provide a lasting deterrent to corporate misconduct.
Post-Enron reforms have made dramatic alterations to the landscape of corporate governance. Boards, their committees, and internal auditors now have greater responsibilities and powers. How will these reforms change the CFO's job?

A CFO magazine poll of more than 300 senior finance executives finds them split on whether the governance reforms enacted in the past 18 months are worth the considerable effort of implementing them. They are also divided about whether CFOs should work merely to satisfy the letter of the law or go further and embrace its spirit.