Financial Reporting In a Time of Crisis

By James S. Turley, Chairman and CEO, Ernst & Young

Following his return from the annual World Economic Forum in Davos, Ernst & Young Chairman and CEO James S. Turley spoke before the Commonwealth Club in San Francisco, Calif., on Feb. 5, 2009 on Financial Reporting In a Time of Crisis. 

On financial regulation, he said: "This crisis does create an opportunity to modernize financial regulation in a way that will help to prevent future financial meltdowns, while also promoting global economic stability and opportunity. But we need to act in a thoughtful, deliberate way, because we literally can't afford to make mistakes in the coming round of regulatory reforms."

Read the complete speech here.