Friday, November 04, 2005

Improvements in financial reporting will prevent more scandals, says PwC head

Fiscal 2005 a year of vibrant growth for accounting firm

New regulatory requirements, particularly in the U.S. and Europe, have led to clear improvements in financial reporting and will help prevent a recurrence of the recent spate of corporate scandals, says the global CEO of PricewaterhouseCoopers.

In its 2005 annual review released today, the giant accounting firm tackles key issues facing the accounting profession, such as regulation, audit quality, and the industry’s long-term future.

See full Article.