Welcome
to Financial Standards.com, your portal to understanding our
company and the services that we offer. Never has there been
more of a demand for untainted and objective advice about accounting
practices, fair value calculations, financial reporting and
disclosure than in this post-Enron era. With our nationally
recognized expertise in this field, Financial Standards® is poised
to fill these demands.
Today, when investors demand credibility as well as profitability,
Financial Standards® is a resource for
accounting practices, financial reporting and disclosure that
both build a bridge to investors and make sense.
In
response to corporate meltdowns, Congress passed the Sarbanes-Oxley
Act, which mandates major changes in financial reporting and
disclosure obligations of public companies. The SEC is dutifully
churning out regulations, with no fewer than eight related rules
finalized in January 2003 alone. CEOs and CFOs are personally
charged with certifying their company's
financial reports, with serious consequences for failure
to do so. Moreover, Board and Audit Committees, as well as senior
executives, have new and daunting responsibilities ahead.
Directors,
Audit Committee members, and senior executives are anxious about
complying with this regulatory outburst without sacrificing
their ability to provide investors with non-GAAP information
that gives a clear picture of the company. For many industries,
non-GAAP financial disclosures are necessary to reflect the
economics of the particular industry. Nevertheless, because
of differing interpretations, use of these
alternative measures often does not allow true comparisons among
competitors. There is additional demand, from executives
to investors, for Financial Standards® to produce
performance reports that correct for variations and show
truly comparable financial results within various industry sectors.
As
you can see by our service offerings, we offer a scope of services
that may have once been reliably provided by your auditor, investment
banks, or financial counterparties. In 2003, the landscape of
financial reporting and research has dramatically changed. The
need for an objective and independent resource has never been
greater! If you would like more information, call Financial Standards® Washington, D.C. offices, (888)-866-4227. We look
forward to serving you.
Marti
Tirinnanzi