We are at the forefront of thinking for the latest developments in finance reporting and corporate governance. Trends that are shaping the marketplace today include:
XBRL - PricewaterhouseCoopers (PwC) has taken a leadership role in developing XBRL, the Internet-based language for preparing, publishing, exchanging and analyzing financial statement information online.
We are a founding member of a global consortium of more than 140 corporate and government entities participating in XBRL's development and have begun to incorporate XBRL capabilities into our products and services for clients. We are also working with major companies and global and national regulatory bodies to develop XBRL as the de facto Internet standard for business information.
Additional trends include:
- Governance risk and compliance: How to execute an integrated, sustainable governance, risk management and compliance strategy.
- Center for advanced research: A small group in California uses advanced technology and thinking to develop innovative approaches to important practice problems such as fraud detection.
- Corporate fraud: Fraud prevention and detection are the hot potato issues in today’s business.
- Building public trust: The future of corporate reporting: A new vision of corporate reporting grounded in transparency, accountability and integrity, based on a new three-tier model of corporate transparency.
- Directors' college: Explore our innovative program between our firm and the John L. Weinberg center for corporate governance at the Alfred Lerner College of Business and Economics, University of Delaware, to learn about the changing and challenging role of corporate directors.
