search query: @indexterm corporate planning / total: 896
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| Author: | Böcking, H.-J. |
| Title: | Audit und Enforcement: Entwicklungen und Probleme |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
2003 : NOV, VOL. 55:7, p. 683-706 |
| Index terms: | Financial reporting Corporate planning Legislation Europe USA |
| Language: | ger |
| Abstract: | Following the financial reporting scandals at Enron and WorldCom, legislators and standards setters in the USA and Europe started reforming corporate governance. Main topics were auditor independence and enforcement of financial reporting standards. This article deals not only with auditor independence, but also with the independence of other corporate governance institutions like management, supervisory board and audit committee. In addition to guaranteeing the independence of these institutions, an enforcement institution for financial reporting has to be installed in Europe to ensure proper use of IAS/IFRS. This article shows advantages and disadvantages of existing systems and postulates an improvement of existing accounting standards (original in German). |
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