The relationship between the CFO and the audit committee has changed from oftentimes one of minimal contact to almost daily interaction as a result of the Sarbanes‐Oxley legislation. This is probably for the best, as the remoteness of audit committees in the past likely contributed to at least...

Richard Berner is a Managing Director and Chief US Economist at Morgan Stanley. He directs the firm’s forecasting and analysis of the US economy and financial markets. Before joining Morgan Stanley in 1999, Richard Berner was Executive Vice President and Chief Economist at Mellon Bank, and a...