Stephen Taub, CFO.com | US
April 23, 2007
Whern will the regulators understand that in the end it is up to the publisher of the Financial Statement to present them in a fair and consistent manner. It is time for auditors to step back from "they are our clients" mentality and adopt the mentality that "the user is our client" and be more aggressive on compliance. It is the Financial Management that needs the support of the regulators and the auditors so they can publish the finacial statements with out prefudice to meet management expectations. I have head hunters offering CFO jobs if I will invest in the object company with my compensation dependant on reported results. Now how can I be expected to disclose to auditors and regulators when all the other managers are expecting compensation based on my interpretation. How can a regulator or auditor rely on the fidelity of such decision making? It is about Time.
Posted by Milton Bulloch | Apr 23, 2007 12:33 PM ET
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