CFOs worldwide are not anticipating a recovery in the near term, according to Deloitte Touche Tohmatsu's fourth-quarter Global CFO Signals survey. In North America, CFOs' views on prospects are low, despite an increase in respondents who expect better sales compared with the Q3 survey.
Revenue recognition, loss contingencies and fair-value measurements are among the issues receiving special attention from the Securities and Exchange Commission's Division of Corporation Finance this year, according to a report from Deloitte & Touche. The report offers a rundown of thousands of letters sent by the agency, which Deloitte says can be used to improve companies' financial reporting. Other areas of focus include merger valuations, non-GAAP accounting and management discussions.