Friday, August 10, 2007
Towers Perrin Survey Indicates Increase in Companies' Use of Value-Based Measures for Financial Reporting
Companies are increasingly using value-based measures for financial reporting, executive compensation performance measurement and management decision making, according to the latest CFO survey from the Tillinghast business of Towers Perrin.
The survey indicates that although companies have made significant strides in their risk reporting, many still have concerns related to their companies’ ability to effectively report risk, as well as the potential impact of such reporting on ratings and capital requirements. CFOs also expressed that though the quality and reliability of external reporting have improved, nearly 90% believed that the cost of compliance with Sarbanes-Oxley (SOX) outweighs the benefits.
Towers Perrin Survey Indicates Increase in Companies' Use of Value-Based Measures for Financial Reporting
Source: Business Wire
The survey indicates that although companies have made significant strides in their risk reporting, many still have concerns related to their companies’ ability to effectively report risk, as well as the potential impact of such reporting on ratings and capital requirements. CFOs also expressed that though the quality and reliability of external reporting have improved, nearly 90% believed that the cost of compliance with Sarbanes-Oxley (SOX) outweighs the benefits.
Towers Perrin Survey Indicates Increase in Companies' Use of Value-Based Measures for Financial Reporting
Source: Business Wire
Permalink posted by armandn @ 12:42 PM 
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