Join: Dec 2, 2008

Name: theCAQorg

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Public Dialogue Tour Washington, DC - Arne Sorenson

  • Length: 0:38
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles  public  Quality  tour  Washington 

Arne Sorenson of Marriott International observes that leaving standard writing completely to the experts can lead to rules that may be "a thing of beauty" from a theoretical accounting perspective, but almost incomprehensible in practice.

Public Dialogue Tour Washington, DC - Robert Herz

  • Length: 2:13
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

Herz said the prospects for more predictive reporting are hampered "by our old friend, 'Old Man Liability.'" He observed that management discussions in financial reports in the United Kingdom tend to be "much more informative" than such discussions in the United States because of a different...

Public Dialogue Tour Washington, DC - Arne Sorenson

  • Length: 1:48
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

Arne Sorenson of Marriott International expressed doubt about whether auditors have the knowledge base to assess business prospects.

Public Dialogue Tour Washington, DC - Gene Reichers

  • Length: 0:57
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

Venture capitalist Gene Reichers of Valhalla Partners observed that you cannot eliminate all risk from the marketplace without also sacrificing the market's vitality.

Public Dialogue Tour Washington, DC - Nell Minow

  • Length: 1:2
  • Rating Average: 5.00 from 2 people
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

Nell Minow, editor and co-founder of the Corporate Library, offers suggestions after moderator Terry Smith noted that past public dialogue tour participants have pointed to the issue of executive compensation as among the most impenetrable and incomprehensible issues.

Public Dialogue Tour Washington, DC - Robert Herz

  • Length: 1:49
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  • View Count: 65
  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

Robert Herz, chairman of the Financial Accounting Standards Board (FASB), noted that he has been a long-time advocate of mark-to-market, or fair value, accounting, but that the approach works a lot better with markets that give off strong and clear price signals.

Public Dialogue Tour Washington, DC - Cynthia Fornelli

  • Length: 0:26
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles.  public  Quality  tour  Washington 

During her introduction of the panel, CAQ Executive Director Cynthia Fornelli said one of the main goals of the Public Dialogue Tour is to find the best way to modernize financial reporting.

Public Dialogue Tour Washington, DC - Charles Elson

  • Length: 1:32
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  • Author: theCAQorg

Tags: accounting  Audit  CAQ  DC  dialogue  principles  public  Quality  tour  Washington 

University of Delaware Professor Charles Elson, on the inaccuracies of asset valuation

CAQ Public Dialogue Tour Summary

  • Length: 6:2
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  • Author: theCAQorg

Tags: Audit  CAQ  Center  Cynthia  Dialogue  for  Fornelli  PDT  Quality  Tour 

In today's global economy, reliable financial information is critical to the capital markets. As one of its first major initiatives, the Center for Audit Quality launched a national Public Dialogue Tour to discuss potential improvements to the quality, relevance and integrity of financial...

Public Dialogue Tour Boston - John Mahoney

  • Length: 1:28
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  • Author: theCAQorg

Tags: accounting  Audit  Boston  CAQ  dialogue  principles.  public  Quality  tour 

John Mahoney, Chief Financial Officer and Vice Chairman of Staples, Inc, discusses how companies desire frameworks for responsibility and liability while needing the flexibility for changing rules and market conditions.

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