Treasury & Risk magazine February 2008
Cover Story
Audit Busters
Not every management is throwing up its hands and assuming they will not see savings from AS5 this year. Alfa Corp. has installed a new ERM solution with which it will go to battle with any auditor who challenges Alfa's ability to quantify and prioritize risk
Cover Story
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Finally, a Clear Business Connection to ERM
Companies are starting to see the need to bring ERM into their business reporting
Features
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Middle Market Shows Off its Tech Savvy
Even smaller treasuries are building solutions to achieve enterprise-wide integration
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Treasury On The Go
While bank marketers have picked up on the popularity of mobile electronic devices like cell phones and PDAs and built links to banking services for mobiles, they have concentrated on consumers and small businesses. Wells Fargo is the first major bank to introduce a mobile service for corporate treasury operations
Surveys
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Treasury & Risk Middle Market Survey
Even though finance executives from midsize companies rank an economic slowdown as their biggest fear. more than one-third of those responding to Treasury & Risk's 2008 Middle Market Survey plan expand their staffs over the next 12 months.
Washington Update
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Putting a Leash on XBRL
While backing an eventual XBRL reporting requirement, a powerful SEC panel suggested taking small steps toward a mandate
News Briefs
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Oracle Ups the Ante With BEA
In a direct challenge to IBM's dominance, Oracle announced its plan to pay $8.5 billion for long sought-after BEA to beef up its middleware offerings for enterprise resource planning (ERP) interfaces
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GAO Says Four Accounting Firms is Enough
Even though the four largest accounting firms continue to audit almost all large public companies, concentration in the marketplace poses no immediate threat to fee competitiveness, the Government Accountability Office (GAO) concluded in a recent report.
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Is SOX Starting to Work?
For the first time in a decade, according to a Glass Lewis & Co. report, there has been a year-over-year decline in the number of restatements filed by public companies.
Q&A
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Dollar Dynamics
FIREapps' Wolfgang Koester deciphers how the dollar's frailty and comeback potential could wreak havoc on corporate financials
Governance & Accounting
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Popping Pills
Hostile takeovers haven't gone away just because credit is tighter and markets are down. Companies need to use this lull to consider strategies to protect them and shareholders against bad deals
Retirement & Benefits
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Trading on Death
What pension plan sponsor wouldn't kill to lay off longevity risk by investing in a new breed of index products? Three big market players are experimenting with possible hedging options
Risk Management
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A Clean Sweep
After years of deferring liability costs from contaminated work sites, companies now must either deal with them or take a hit on the balance sheet when accounting rules change next year
Tools & Technology
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IAM as GRC ASAP
For years the purview of the IT department, IAM--or identity access management--is stepping out into business functions to play a key role in both compliance and risk management strategies
Treasury Management
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A Win-Win for Win
WinWholesale started with A/P and A/R when the plumbing and electrical distributor set out to centralize treasury operations at a company that seemed to defy the concept of centralization
Profile
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She's the Right Stuff
An Aussie with technology roots, Aon's new CFO sets out to overhaul the risk broker's global business systems and finance department
People on the Move
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People on the Move
Time Warner Cable Inc, the $11.9 billion cable giant with headquarters in New York, promoted senior vice president of finance Arthur Minson to executive vice president and the new post of deputy CFO. Minson came to Time Warner Cable in 2006 from AOL where he was senior vice president of...
Editor's Desk
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ERM Comes of Age
After years of discussion, PCAOB's Auditing Standard 5 could--and should--finally make compliance programs relevant to how a business actually performs
Final Word
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Defining Principles
Principles-based accounting may be the way to go, but without some clarification U.S.investors could lose a lot of corporate disclosure













