
How to Avoid Common Pitfalls in Financial Reporting: A Director’s Guide
As a director, you are legally and ethically responsible for ensuring that your company’s financial reporting is accurate, transparent, and compliant with regulatory requirements. Poor financial reporting can lead to significant legal, financial, and reputational risks. In fact, financial misstatements, even if unintentional, can lead to severe penalties, personal liability, and a loss of stakeholder…