When an accounting firm has a diversified client portfolio, the quality of the firm’s audits suffers – and the more industry sectors it audits, the worse those audits are.
A recent study finds that corporate financial managers do a great job of detecting signs of potential fraud, but are less likely to voice these concerns externally when their company is under pressure to meet a financial target.
It’s not uncommon for incoming CEOs to hire new senior staff when they join companies. But when they hire new CFOs, might those CFOs be pressured to manage earnings in a way that benefits the CEOs’ pay? New research examines these C-suite relationships and what they might mean for the long-term health of a company.