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Sarbanes-Oxley added numerous outside inspections on company audit controls. Contrary to corporate complaints, a new study verifies the need.
During the financial crisis of 2007-2009, the banking industry suffered a huge decline in liquidity on their own balance sheets, decreasing the amount of money they could lend. Did banks’ efforts to absorb the liquidity shock spike a decline in overall credit supply?
Gift cards – that one-size-fits-all present for any occasion – can be an excellent choice for both giver and receiver. But how do companies account for them when the card is never redeemed?
Boards of directors have two jobs: oversight and advising. But can too much oversight lead to worse advice?