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In talking with Los Angeles CEOs and CFOs over the last month, there have been a number of conversations about the work of the U.S. Congress supercommittee, and, most recently, its inability to arrive at a consensus on deficit reduction.
Congress recently passed a temporary measure to continue funding the 2012 fiscal year (which began October 1) until December 16. The respective political parties will hopefully soon pass a full funding bill and re-engage in constructive collaboration to address the national debt in a way that calms capital markets, reduces credit rating concerns, and enhances access to capital to promote a faster-growth business environment.
When there is uncertainty related to multiple external economic factors, we realize as business executives that we must focus even more intently on the internal operational factors that we can control in order to optimize performance and results. As your discussions focus on 2012 objectives and planning, we welcome the opportunity to meet with you at no obligation to review how we might collaborate. You can view a partial listing of areas in which we engage by clicking here to go to our services menu.
As with previous newsletters, we have included below new articles published in the last month that address these very areas.
Sincerely,
Arthur F. Rothberg
Mangaging Director
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Though the number of financial restatements has decreased somewhat since 2007, the overall number has risen dramatically over the past decade. This article looks at financial restatements, what causes them, and their impact on analysts and investors. 
This article discusses internal controls, what they include, and how they function to improve internal financial security and reduce risks.