FEI recommendations for improved financial reporting
24 Mar 2002
A task force of Financial Executives International has made broad recommendations for "Improving Financial Management, Financial Reporting and Corporate Governance".
The report makes recommendations in four areas:
- Strengthening financial management and commitment to ethical conduct
- Rebuilding confidence in financial reporting, the accounting industry, and the effectiveness of the audit process
- Modernising financial reporting and reforming the accounting standards-setting process
- Improving corporate governance and the effectiveness of audit committees