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CFOs held back by poor performance management, warns survey

?The days of the CFO acting as a financial policeman are numbered, instead,.CFOs will increasingly become strategic business advisors with greater influence on corporate strategy. This is just one conclusion from the most recent global CFO survey by IBM business consulting.

November 25, 2003

US employers cut pay-increase forecasts

? Many US employers are having to offset the effects of a lacklustre financial year by reigning in their pay strategy and tightening the purse strings.

November 24, 2003

UK voters' sentiment warming to Euro

? Sentiment towards the euro has risen according to a UK-based survey carried out by Barclays Capital/NOP Eurotrack this month.

November 20, 2003

CFOs slow to react to Sarabanes-Oxley/IAS regulations

? Forty per cent of listed companies in the UK have not considered the impact of IAS regulations on their business, and over half of corporates affected by Sarbanes-Oxley have not even started their Section 404 compliance.

November 19, 2003

Warning to CFOs - technology can make fraud easier to perpetrate

Nearly two thirds of UK small to medium-sized businesses are concerned about the risk of fraud in their businesses, according to research conducted by Morley and Scott Accounting, one of the UK's leading Chartered Accountancy practices.

November 13, 2003

PCAOB holds meeting to consider auditing standards amendments and two-tier system

The Public Company Accounting Oversight Board has scheduled an open meeting to consider whether to propose and seek comment on two key areas:

November 11, 2003

Near-term outlook gloomy for corporate finance activity

Australia and the United Kingdom may have raised interest rates last week, but that does not necessarily imply a return to widespread investor confidence for a return to the boom times.

November 10, 2003

Corporate governance - is your CEO concerned?

As a CFO you might be forgiven for thinking the finance world has become obsessed with corporate governance. The excessive coverage given to corporate scandals means the spotlights, rightly or wrongly, have been trained on the finance function. So it is surprising to learn that a mere 19% of global business leaders think that fresh corporate governance legislation will lead to an improved code of ethical behaviour.

November 07, 2003

Corporate default rates hold firm

Investors will be cheered by further news of global economic stability as Moody's, the rating agency, reports the global speculative-grade for corporate bond default held firm in October at 5.7%, the same rate as September.

November 06, 2003

Steady as you go: auditors expect modest salary rise for 2004

Accounting and finance professionals in the US can look forward to 2004 salaries in line with 2003 levels, according to the 2004 Salary Guide from Robert Half International, the recruitment consultant.

November 05, 2003

SEC approves NYSE governance rulings.

Corporates listed on the NYSE are bracing themselves for fresh governance rulings passed by the beleagured stock exchange in the wake of CEO Dick Grasso's resignation in September. The rulings have been approved by the SEC.

November 04, 2003

Yukos chief resigns; S&P puts faith in Russia

On the day that Mikhail Khodorkovsky resigns from his prison cell as chairman of Yukos, Russia's largest oil company, the rating agencies are affirming their confidence in Russia's economic stability.

November 03, 2003

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