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As previously discussed, the mere presence of an AC does not guarantee high quality financial reporting practices.
"We are giving investors access to high quality financial data used by institutions and professionals, at a fraction of a cost," said Bentley in statement.
Editor's note: Matt Baker is an engineer at Wealthfront, a software-based financial advisor that is democratizing access to high quality financial advice.
Besides, the mere existence of an AC, even if it is independent from the executives, does not guarantee high quality financial reporting practices.
Empirical evidence reveals that the majority of nonprofit websites lack high quality financial and performance information which reflects an opaque digital informative strategy.
Organizations that voluntarily disclose high quality financial and performance information on their public websites are viewed as being more open, trustworthy, and accountable by the general public.
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However, I do think that we are getting close to the point where, maybe it's three to six months from now, you can buy a basket of what I would consider to be high quality financials.
Our financial markets simply cannot work without access to strong, high-quality financial reporting".
These loans are backed with high-quality financial assets that lenders can keep if borrowers fail to repay.
With the US no longer viewed as a supplier of high-quality financial assets, one would expect the dollar to have weakened.
And we are looking at interest-sensitive areas that pay dividends, like utilities, high-quality financial service stocks and integrated oil companies.
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