The report provides an in-depth look at the growing trend towards external assurance in the US, the different approaches to external assurance, the use of different assurance standards as developed by the accountancy profession, and the market of share of external assurance performed by different firms in the US.
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Shareholder activism and company responses to it have changed considerably since Benjamin Graham launched his activist engagement at Northern Pipe Line Co. in 1926. Likewise, the number of companies targeted by activist investors has risen significantly over the past years while shareholder activism in all its forms and myriad strategies continues to spread to new international territories. And with investment returns consistently outperforming the average hedge fund, a growing number of asset managers are poised to follow the lead of high profile activist investors such as Nelson Peltz, William Ackman, and Daniel Loeb, in their pursuit to create shareholder value.
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Revenue is one of the most important measures used by investors in assessing a company's performance and prospects. However, revenue recognition guidance differs in Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) - and many believe both standards are in need of improvement.
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On July 17, 2014, the Canadian Securities Administrators (CSA) published the results of their continuous disclosure review program (Program) in CSA Staff Notice 51-341 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2014 (Staff Notice). The purpose of the Program is to monitor the compliance, reliability and accuracy of continuous disclosure documents prepared by reporting issuers (issuers). On July 17, 2014, the Canadian Securities Administrators (CSA) published the results of their continuous disclosure review program (Program) in CSA Staff Notice 51-341 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2014 (Staff Notice). The purpose of the Program is to monitor the compliance, reliability and accuracy of continuous disclosure documents prepared by reporting issuers (issuers).
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To earn a "return" on stock buybacks, you need a more sophisticated message and better execution.
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Canada's CFOs and other senior financial executives applauded the federal government's perseverance towards the creation of a common securities regulator.
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For many years, Canada has been considered one of the
most bidder-friendly jurisdictions in the world because of the limited number of defenses available to Canadian companies in the face of an unsolicited take-over bid. A shareholder rights plan (also called a "poison pill") is an effective defensive tactic because if triggered it results in massive dilution of the
prospective bidder, making a take-over bid uneconomic. A
rights plan can be shareholder-approved and in place at all
times, or can be a tactical plan, implemented in the face of a
threatened or actual take-over bid.
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