Opaque accounting threatens pensions

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According to Accountancy Age Arther Levitt, former head of the SEC in the States has said opaque accounting is putting US pension funds at risk.

He's right.

Adopting country-by-country reporting would be one thing that would reduce the risk. After all, pensioners are real people living in real places with real interest in what is happening in their locale. Which is why reporting for their benefit might be of importance.