When the U.S. government took stakes in nine of the nation's top financial institutions last month, it wasn't pressure from government regulators that forced the big banks to acquiesce, but fear of the unknown. A new book by David Smick reveals the inequalities of information that led to the greatest risk management failure of our time.

International financial reporting standards are not going away. How long can U.S. companies keep dragging their feet?

A closer look at important but sometimes neglected components of the law

The finger-pointing for the subprime mess has only just begun.

Greenlight Capital's David Einhorn wrinkled his nose at the link between management compensation and performance inside Lehman.

The World Is Curved: Hidden Dangers to the Global Economy author David Smick provides insight into the economic crisis and explains its impact on businesses and finance executives outside the financial services sector.

In a strange twist of fate, the credit officers at Wall Street’s commercial banking houses are finding that they relate more to George Bailey these days than to his well-heeled nemesis, Mr. Potter.

Five-plus years after Sarbanes-Oxley, companies face ever-increasing regulatory compliance demands and new ethical challenges raised by a more complex and global business environment, according to risk consultancy LRN. Marjorie Doyle, the firm's global practice leader, ethics and compliance solutions, and a former chief compliance officer at Dupont, talked with Business Finance about the changing risk landscape.

Case study: All politics aside, promising GRC initiatives too often
only scrape the surface. This is not the case at Aera Energy.

Access to ERP and other financial systems frequently marks an area of vulnerability in Sarbanes-Oxley compliance and antifraud efforts.