Well, it no longer matters whether you’re ready for the new compliance and corporate governance challenges we’ve all been waiting for. They’re here.
Every month I try to write a small essay on this page about some significant topic mentioned in these pages. At first I was stuck for what to say this time around, because we seemed to have too many important issues: the Recovery Act’s many hidden compliance landmines; the Internal Revenue Service’s new threat to crack down on withholding tax for foreign employees; the Environmental Protection Agency’s new plans to make companies report their carbon emissions; and the small matter of the Financial Accounting Standards Board diluting fair-value accounting rules.
