The G20 reform process  A crucial test of the commitment of policy-makers in the major countries to address the weaknesses of the existing global monetary and financial system and to set the global economy on a sustainable growth path will be the outcome of the ongoing efforts to rebalance global demand through enhanced policy coordination.
Events at the international level have renewed attention to the need for companies worldwide to implement high-quality corporate governance practices and accounting and disclosure standards, and for their external auditors to employ rigorous and sound international auditing techniques. Long before coming to the Federal Reserve, I had a strong interest and became involved in accounting, auditing, and internal control matters.