Journal of Corporate Accounting & FinanceWiley InterScience : Journal of Corporate Accounting & Financehttp://dx.doi.org/10.1002%2F%28ISSN%291097-0053John Wiley & Sons, IncenCopyright © 2008 Wiley Periodicals, Inc., A Wiley Company2008-09-01September/October 20081900601891044-81361097-0053- Letter from the editorhttp://dx.doi.org/10.1002%2Fjcaf.20426Editorial11Edward J. Stone2008-08-21T09:55:00Z10.1002/jcaf.20426Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.
- Sarkozy one year later: Is his mind on France, or Carla?http://dx.doi.org/10.1002%2Fjcaf.20427Features35James D. Rosener2008-08-21T09:55:00Z10.1002/jcaf.20427Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.The inauguration of French President Nicolas Sarkozy in June 2007 was filled with optimism. Most French seemed ready to adopt badly needed reforms. But one year later, public support has eroded - from almost weekly tabloid stories about Sarkozy's new wife, Carla Bruni. © 2008 Wiley Periodicals, Inc.
- The hidden costs of outsourcinghttp://dx.doi.org/10.1002%2Fjcaf.20428Features715Paul E. Juras2008-08-21T09:55:00Z10.1002/jcaf.20428Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.Many outsourcing arrangements fail to deliver the expected cost savings. Why is this so? The author argues that management hasn't calculated the total cost of outsourcing, which includes your risks - and he shows you how to do it. © 2008 Wiley Periodicals, Inc.
- Time to leave foreign stock markets?http://dx.doi.org/10.1002%2Fjcaf.20429Features1723Damir Tokic, Stijepko Tokic2008-08-21T09:55:00Z10.1002/jcaf.20429Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.International stock markets have significantly outperformed the U.S. stock market from 2005 to 2008. But will this continue?The authors argue that international markets will hit their peak sometime this year - if they haven't already done so. The reason is that they will be dragged down by the anticipated U.S. recession.And what should U.S. investors do? The authors have some prudent recommendations. © 2008 Wiley Periodicals, Inc.
- Protecting your firm from FX riskhttp://dx.doi.org/10.1002%2Fjcaf.20430Features2534Michael Ehrlich, Asokan Anandarajan2008-08-21T09:55:00Z10.1002/jcaf.20430Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.Recent oil-price hikes are hurting U.S. businesses. But Europe seems protected - perhaps by the rising value of the euro against the U.S. dollar. So U.S.-based managers need to compensate for the falling value of the dollar when planning their business strategies.How can U.S. managers protect their companies from rising foreign exchange (FX) risks? The authors offer some vital tools and strategies - and discuss what perils the future may hold. © 2008 Wiley Periodicals, Inc.
- Another step toward global convergencehttp://dx.doi.org/10.1002%2Fjcaf.20431Features3540Kang Cheng2008-08-21T09:55:00Z10.1002/jcaf.20431Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.The Financial Accounting Standards Board and the International Accounting Standards Board have worked together to develop a single set of accounting standards for business combinations. It will make things easier for corporate finance and accounting professionals when dealing with domestic versus international acquisitions.However, at first glance, the new FASB standard looks like a total revision of SFAS No. 141. What are the latest changes? © 2008 Wiley Periodicals, Inc.
- Corporate social responsibility: The United States vs. Europehttp://dx.doi.org/10.1002%2Fjcaf.20432Features4147Dori Danko, Jennifer S. Goldberg, Stephen R. Goldberg, Rita Grant2008-08-21T09:55:00Z10.1002/jcaf.20432Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.Increasingly, business leaders recognize the importance of corporate social responsibility (CSR) and the link between profitability and social behavior. The authors take a critical look at CSR - including arguments for and against it, an approach companies can use, alternative CSR reporting standards, and how Europe differs from the United States. © 2008 Wiley Periodicals, Inc.
- Auditing in Chinahttp://dx.doi.org/10.1002%2Fjcaf.20433Features4954H. Gin Chong2008-08-21T09:55:00Z10.1002/jcaf.20433Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.The Chinese auditing standards have undergone many changes in recent years. These changes intend to harmonize the internal auditing practices with the international auditing approaches. The speed of transformation is remarkable. Despite this, there remain many challenging issues that need the attention of both the Chinese auditing profession and the Ministry of Finance (MoF). © 2008 Wiley Periodicals, Inc.
- The subprime crisis: Lessons for global businesshttp://dx.doi.org/10.1002%2Fjcaf.20434Features5559Andrew J. Sherman, Kartikeya Tana2008-08-21T09:55:00Z10.1002/jcaf.20434Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.What are the lessons for global business from the continuing U.S. subprime credit crisis? © 2008 Wiley Periodicals, Inc.
- Corporate governance and auditor feeshttp://dx.doi.org/10.1002%2Fjcaf.20435Features6163Denise Dickins, George Young2008-08-21T09:55:00Z10.1002/jcaf.20435Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.The authors find that when a company's corporate governance rating is worse than its competitors, fee disclosure preparers are more likely to classify nonaudit services as audit services. This creates a perception of higher financial quality. © 2008 Wiley Periodicals, Inc.
- Pitfalls in using the balanced scorecardhttp://dx.doi.org/10.1002%2Fjcaf.20436Features6568Hanne Norreklit, Marten Jacobsen, Falconer Mitchell2008-08-21T09:55:00Z10.1002/jcaf.20436Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.The balanced scorecard has quickly become a leading management tool. But business performance measurement is notoriously difficult, so any system, including the balanced scorecard, is likely to have unanticipated and often dysfunctional consequences. This article briefly reviews the main attractions of the balanced scorecard and then shows how these apparent advantages might lead to problems. © 2008 Wiley Periodicals, Inc.
- Disaster planning and executive compensationhttp://dx.doi.org/10.1002%2Fjcaf.20437Book Reviews6971David Cannon, Joseph H. Godwin, Stephen R. Goldberg2008-08-21T09:55:00Z10.1002/jcaf.20437Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.
- Recent FASB staff positionshttp://dx.doi.org/10.1002%2Fjcaf.20438Departments7377Elaine Henry, Oscar J. Holzmann2008-08-21T09:55:00Z10.1002/jcaf.20438Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.
- More on 2009 revenue proposalshttp://dx.doi.org/10.1002%2Fjcaf.20439Departments7981Caroline D. Strobel2008-08-21T09:55:00Z10.1002/jcaf.20439Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.
- IRS ruling affects deduction of performance-based compensationhttp://dx.doi.org/10.1002%2Fjcaf.20440Departments8385Shirley Dennis-Escoffier2008-08-21T09:55:00Z10.1002/jcaf.20440Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.
- Will the SEC and CFTC merge?http://dx.doi.org/10.1002%2Fjcaf.20441Departments8789Robert W. Rouse2008-08-21T09:55:00Z10.1002/jcaf.20441Copyright © 2008 Wiley Periodicals, Inc., A Wiley CompanyJohn Wiley & Sons, Inc.No abstract.