Sustainability Disclosures Fall Short
Eighty-one percent of companies divulged some information about material sustainability risks in 2015, but the reports often lacked consistency.
Audit Fees Rise Again
Audit fees increased by a median of 3.2% in 2015, but the largest filers are keeping a lid on costs by improving internal controls.
OECD Lifts Global Growth Forecast on Resurgent U.S. Fiscal Policy
The OECD endorses a Trumpian fiscal stimulus and advises other countries to follow suit.
SEC Comment Letters Spur Corporate Tax Compliance
Close to 500 firms that received a comment letter regarding tax disclosures increased their provision for income taxes the following year.
State Minimum-Wage Votes May Pressure Congress to Act
Four states passed proposals to increase the minimum wage, adding to the growing support for higher pay floors for U.S. workers.
CFOs’ Top Goal for 2017: Better Analysis and Reporting
Ninety percent of CFOs surveyed say they should be doing more with the financial and operations data they have at hand.
Companies See Growth Overseas, Despite Post-Election Concerns
Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.
Fitbit’s Profits Hit By Manufacturing Problems
While revenue increased 23% year-over-year to $503.8 million, earnings fell well short of second-quarter expectations.
Internal Auditors Strain under Unethical Pressures
Many report repeated instances of being pressured to squash or alter valid audit findings.
Directors Focusing More on Cybersecurity — But Is It Enough?
Three-quarters of boards are more involved with cybersecurity than last year, but only a quarter share information externally after an attack.
IP Cyberattacks Expected to Rise
Fifty-eight percent of almost 3,000 participants say cyber thefts will increase in the coming year, while only 16.1% say otherwise.