Today I would like to tell you more about the effect of corporate sustainability on organizational processes and performance. Using a matched sample of 180 US companies, I will explain how corporations that voluntarily adopted sustainability policies improved their organizational process and performance.
In this post, I would like to tell you about the latest research in financial management, which is closely connected with the process of accounting and tax management. The researchers studied the role of executive background in explaining management discretion in financial reporting. In the management literature, some theories hold that corporate actions and strategic choices can be partially predicted by knowing the functional background of executives. Here’s my evidence on how CEOs and CFOs, auditors, and private equity/venture capital executives managed decisions around goodwill impairments.
The US auditing industry has been characterized as an oligopoly, which has successively tightened from eight key players to four over the last 25 years. This tightening is likely to change the incentives of the surviving big auditors, with implications for their role in our economy.
Are auditors becoming too big to fail? For over a decade, there have been articles and op-eds in the popular and business press arguing that the auditing industry, currently dominated by Deloitte & Touche, Ernst & Young, KPMG, and PwC, is a tightening oligopoly, increasingly insulated from the risks of failure. Adding to this concern is that even as the number of mega audit firms has contracted from eight in the 1980s to four today, their combined market share remains formidable, especially in the United States.
Established in 2007, the accounting practice of Virginia Anderson was created with you, the client, in mind. The passion of Ms. Anderson and her team is to help others by educating and deciphering the mystery of taxes and accounting.
It is our objective to cut a clear path through the myriad of tax laws and to provide accounting relief for businesses and individuals.