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Enhancing the leadership
potential of today's corporate financial executives |
In this issue |
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cover story
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Fraud Pervades the Global Supply
Chain |
"In their rush to source product from
low-cost geographies, companies may have underestimated the risk of
fraud....When looking for a manufacturer for a new product, for example,
an unwary company may show its design around dozens of firms, little
realizing that they might take the specs and go into production on their
account, turning out product that's almost identical to the real
thing....Understanding your vendor community is key to confronting
fraud, but the vendor screening process can be challenging in some
developing countries, where information about past performance may be
difficult to access or nonexistent. That calls for extra attention to
vendor relationships." Three tips to help overcome the challenge are:
insist on watertight contracts, audit your vendors and mine your data.
Read more.
BusinessFinance
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flash file
(hot topics in today's business news)
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career |
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Five Leadership Image Busters |
"If you want to keep your career
moving ahead, managing your image is a must. Your effectiveness as a
leader is directly linked to how others perceive you."
Read more.
Center for Creative Leadership
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Protect Your Job in a Recession |
"Worried your employer might cut your
position in a downturn? Fortune's Anne Fisher offers tips to help
you avoid the ax, and how to keep your career afloat if you don't."
Read more.
CNN
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employee
benefits |
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Employers Help Offset Fuel Costs |
"Companies are launching a variety of
relief initiatives such as providing alternate ways to get to
work...and changing corporate policies to accommodate workers who
travel for their jobs."
Read more.
Wall Street Journal
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economic outlook |
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It's Not All Bad
|
"Despite the dour outlook for the US
economy, consumer products companies are holding fast to their
revenue growth projections for the upcoming 12 months, projecting a
5.7 percent...growth rate."
Read more.
PwC
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sox |
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What's Become of the CFO-Auditor
Relationship? |
"Once close and collegial," it turned
bitter when SOX came along. "Has the passage of time produced a detente?"
Read more.
CFO
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reporting |
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A Roadmap for Modern Business Reporting |
"This paper asserts that both private
and public companies would benefit by adopting XBRL and Enhanced
Business Reporting
(EBR)."
Read more.
AICPA
Read the
press release or find more information on XBRL and EBR,
respectively, at
www.xbrl.org and
www.ebr360.org.
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professional development
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Internal Controls for Today's Business Environment
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July 15 -- Bloomington, MN
July 18 -- Chicago, IL
July 30 -- Indianapolis, IN
Tired of talking about internal controls, COSO, Section 404, and the
PCAOB requirements without knowing how it all fits together?
Understand all the various internal control types, methods of
documentation, key controls and what you should have in place at
your organization. For more information or to register
Get more information and register.
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career center |
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Corporate Controller
(Louisville, KY)
This position will lead a world class global
financial organization which provides senior management with actionable
financial information, a clear diagnosis of the company's performance, and
specific recommendations for improved results.
Brown-Forman Corporation is an independent, publicly-traded producer and
marketer of premium spirits, wines, and other adult beverages, including Jack
Daniel's Tennessee Whiskey, Finlandia Vodka, Southern Comfort, Fetzer Vineyard
California Wines, Korbel California Champagnes, Sonoma-Cutrer Estate Bottled
Wines, Tuaca, Chambord, and, Herradura and el Jimador Tequila.
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