The bank beat the analyst consensus with its earnings before one-time charges that included restructuring and asset amortization, reporting 65 cents per share versus the 57 cents per share expectation.

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Traditional MDM capabilities such as provisioning, policy enforcement, asset management, administration and reporting, are begging to standardize across multiple offerings that increasingly provide similar capabilities.

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Bundled services relationships where a single firm provides asset allocation, manager selection, performance reporting, custody and trading are fraught with dangers.

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For instance, she said, the agency recently proposed new rules for credit rating agencies and for the reporting of the specific investments behind asset-backed securities.

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Asset misappropriation was most common, with 30% of companies reporting it, followed by intellectual property infringement (15%), corruption and bribery (13%), accounting fraud (12%) and money laundering (4%).

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Trillium Asset Management had a proposal that would have required an independent committee to evaluate exploring extraordinary transactions and reporting on the results to shareholders.

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In 1971, for example, the now-defunct Accounting Principles Board, in the interest of conservative financial reporting, stated that the investment tax credit should be amortized over the life of the asset for which it applies.

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