New free Stanford educational material available on Financial Reporting and External Audit

• Financial Reporting and External Audit (Powerpoint Presentation)

• Accurate financial reporting is critical for the efficiency of capital markets and the proper valuation of securities.
• It allows the board and investors to make an informed evaluation of strategy, business model, and risk.
• It also allows the board to structure compensation packages appropriately and award performance-based compensation knowing that predetermined targets were met.
• It is the role of the audit committee to help to ensure the accuracy of reports:1.Sets parameters for quality, transparency, and controls. 2.Hires external auditor to test for misstatement.

For more read see the entire presentation in the above link.

This entry was posted on Friday, April 29th, 2011 at 10:34 am and is filed under Accounting & Audit, Corporate Governance, Disclosure & Transparency, Research. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.