{"id":33991,"date":"2014-03-02t21:54:33","date_gmt":"2014-03-03t02:54:33","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=33991"},"modified":"2024-10-01t09:36:25","modified_gmt":"2024-10-01t13:36:25","slug":"the-cpas-responsibility-in-creating-good-governance","status":"publish","type":"post","link":"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/","title":{"rendered":"the cpa&#8217;s responsibility in creating good governance"},"content":{"rendered":"<p><em>by sean stein smith<\/em><\/p>\n<p>scandals that have rocked public and regulatory confidence in the business community are not difficult to name: aig, lehman brothers, the \u201clondon whale.\u201d<\/p>\n<p>good governance, the argument goes, can be the difference between mediocre performance and outstanding performance. it can even be the difference between staying in business and going under.<\/p>\n<p><!--more--><\/p>\n<p>boards of directors are usually the teams that are charged with creating an effective corporate governance structure, and they are the ones that are held accountable when things do not go as planned. another group that has grown particularly aggressive in pursuing firms and boards that are perceived to be executing governance poorly are activist investors. with all these external forces, as well as competitive pressures, coming to bear on businesses, it is imperative that firms have solid leadership frameworks with which they can tackle business problems.<\/p>\n<p>what do organizations need to make quality decisions regarding strategy and governance? high-quality quantitative and financial information.<\/p>\n<p>it is next to impossible to establish guidelines for effective corporate leadership and governance, much less to construct a framework for moving forward, without high-quality and timely information. the demands placed on boards are continuing to increase, and in order to be effective stewards of corporate growth and sustainable profits, this top level of management needs to have the right information. through the cfo, or other high-level financial management, the accounting and finance functions can work to develop specific, yet high-level reports that contain the data necessary for the board to function as it should.<\/p>\n<p>corporate governance is essential to running an effective and profitable organization, and to establish effective governance, the board needs quantitative information that summarizes the business performance of the firm. by receiving input from the management team, accountants and other financial professionals who can develop, test and implement reports, templates and summarizations that can be the deciding factor in the decision-making process, the board has the information it needs, the organization performs better and another layer of value-additive activity is attributed to the financial professionals.<\/p>\n<p>a win-win, made possible by listening, taking feedback and generating information and reports that meet the specific business and governance needs of the end users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by sean stein smith scandals that have rocked public and regulatory confidence in the business community are not difficult to name: aig, lehman brothers, the \u201clondon whale.\u201d good governance, the argument goes, can be the difference between mediocre performance and &hellip; <a href=\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/\">continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5],"tags":[528,1107],"class_list":["post-33991","post","type-post","status-publish","format-standard","hentry","category-outlook","tag-cfo","tag-governance"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>the cpa&#039;s responsibility in creating good governance - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"the cpa&#039;s responsibility in creating good governance - 卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"og:description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta property=\"og:url\" content=\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/\" \/>\n<meta property=\"og:site_name\" content=\"卡塔尔世界杯常规比赛时间\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cpatrendlines\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-03t02:54:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-01t13:36:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2019\/02\/cpa-trendlines-logo-square-e1467216200269-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"136\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"卡塔尔世界杯常规比赛时间 research\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpa_trendlines\" \/>\n<meta name=\"twitter:site\" content=\"@cpa_trendlines\" \/>\n<meta name=\"twitter:label1\" content=\"written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"卡塔尔世界杯常规比赛时间 research\" \/>\n\t<meta name=\"twitter:label2\" content=\"est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"article\",\"@id\":\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/#article\",\"ispartof\":{\"@id\":\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/\"},\"author\":{\"name\":\"卡塔尔世界杯常规比赛时间 research\",\"@id\":\"\/\/www.g005e.com\/#\/schema\/person\/70003c21b905f4c1c310d3b42f1b2149\"},\"headline\":\"the cpa&#8217;s responsibility in creating good governance\",\"datepublished\":\"2014-03-03t02:54:33+00:00\",\"datemodified\":\"2024-10-01t13:36:25+00:00\",\"mainentityofpage\":{\"@id\":\"\/\/www.g005e.com\/2014\/03\/02\/the-cpas-responsibility-in-creating-good-governance\/\"},\"wordcount\":371,\"commentcount\":0,\"publisher\":{\"@id\":\"\/\/www.g005e.com\/#organization\"},\"keywords\":[\"cfo\",\"governance\"],\"articlesection\":[\"outlook &amp; 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