Count Down by Jim Peterson

Count Down by Jim Peterson

The second edition of “Count Down” is revised to include and discuss developments affecting the Big Four and their business model since the December 2015 release of the first edition. Brought into this updated narrative, for example, are:  The Big Four’s growth to collective global 2016 revenue of $ 128 billion, and the continued disparities in growth between their Audit and Advisory practices.  The imposition of mandatory auditor rotation by legislation and regulation in the European Union, and in the US, the PCAOB’s requirement to name lead partners on public company audits.  New examples of corporate financial malfeasance and potentially disruptive auditor litigation, involving clients of each of the Big Four.  In addition, this new edition expands in scope and details the required re-engineering by which – with the necessary mutual cooperation among financial statement issuers and users, the accounting profession, legislators, regulators and agencies of law enforcement – a sustainable structure for financial reporting and assurance might emerge -- that is, a Big Audit model truly fit to serve today’s global capital markets.

Peterson, a lawyer who specializes in complex multi-national disputes, litigation, and financial information, examines the value and viability of the business, regulatory, and legal model, Big Audit, by which audit services are delivered to the Big Four accounting firms: Deloitte, EY (Ernst & Young), KPMG, and PwC (PricewaterhouseCoopers)He describes how Big Audit became outmoded, why the proposed fixes are unachievable, and how assurance of real value might be designed and delivered instead. He reviews events leading up to the problem and examines the proposed solutions, the attitudes and behaviors of the major players in Big Audit, and possible elements of a re-engineered approach to financial reporting and assurance, a newly structured Big Audit model. This edition has been expanded and revised. -- Annotation ©2017 * (protoview.com) *

For many decades, Jim has been involved in making major investment decisions for both large financial institutions and individual investors. Jim began his professional career by serving for eight years as an investment analyst and portfolio manager at a major money management institution. There he did primary research, made recommendations, and advised the portfolio managers on their stock equity holdings. He was a founder and general partner of Peterson Properties of Atlanta, Georgia, which developed, leased, and managed in excess of four million square feet of commercial buildings. Peterson Properties was sold to an NYSE listed company in 1996 for in excess of $146 million. Jim served as a managing director of CarrAmerica (CRE), an NYSE-listed real estate investment trust. There he was responsible for its Florida operations, including the purchase of in excess of $300 million in investment properties. CRE was sold to The Blackstone Group for $5.6 billion in 2006. Jim also served as a director, CEO, and chief investment officer (CIO) of Investment Life of America (ILA), where he was the managing director of an investment income portfolio with a value of in excess of $100 million. Jim has a Bachelor of Science degree in business administration from the University of North Carolina at Chapel Hill and an MBA from the University of Texas at Austin. He holds a real estate license and a general contractor's license in the state of Florida. Jim has studied options trading for a number of years and has been engaged in actual trading. He is not teaching and writing from a theoretical point of view. He is an actual trader who teaches from a trader's perspective.

SKU	Nicht verfügbar
ISBN 13	9781787147010
ISBN 10	1787147010
Titel	Count Down
Autor	Jim Peterson
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	Emerald Publishing Limited
Erscheinungsjahr	2017-07-03
Seitenanzahl	352
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar