Letter From the Editor

• Published date: 01 November 2013
• DOI: http://doi.org/10.1002/jcaf.21899
• Author: Edward J. Stone
• Date: 01 November 2013

1

© 2013 Wiley Periodicals, Inc.

Published online in Wiley Online Library (wileyonlinelibrary.com).

DOI 10.1002/jcaf.21899

f

e

a

t

u

r

e

a

r

t

i

c

l

e

Dear JCAF Reader,

Welcome to our special

JCAF issue about treasury and

cash management.

We are in the middle of

possibly the most divisive

debate in the economic history

of the United States, accord-

ing to authors Fran Wolf and

James A. Tackett. Does the

Federal Reserve’s policy of

quantitative easing (QE) make

sense? Or is it, as one promi-

nent critic has charged, a form

of “monetary cocaine,” a dan-

gerous business and consumer

addiction to near-zero interest

rates? What kind of economic

environment will this create for

treasury and cash managers?

Be sure to read our lead article,

“Monetary Crisis: A 2013

Update.”

And how much cash does

your business have? Do you

find that some days there is too

much, and other days there is

not enough? Many business

owners have trouble with these

problems right now, according

to business consultant James

B. Edwards. But he has some

good news and solutions in his

latest article, “Managing Cash

in Turbulent Times.”

Did you know that cash

misappropriations are the

most common target of white-

collar criminals? And check

tampering is one of their most

common methods. So in our

next article, entitled “Are Your

Check Transactions Secure

Enough?” authors Jo Ann

McGee and J. Ralph Byington

explain the different types of

check tampering schemes that

dishonest employees use and

how you can prevent and detect

them.

And you will find more criti-

cally useful information in our

other articles:

“When ‘Harmless’ Decisions • Destroy Cash”

“High-Tech Sales Tax • Evasion”

“ESG Reporting: What Is • Treasury’s New Role?”

“Treasurers, Bribery, and • the FCPA: Is There a Better

Way?”

“Managing Euro FX Risk • With Benchmark Data”

“Corporate Liquidity Dis-• closures Update” and

“Assessing the Costs and • Benefits of Investing in

Cost-System Accuracy”

Of course, we also bring

you the latest book reviews, and

news of developments at the

FASB, IRS, and SEC.

Sincerely,

Edward J. Stone

Editor

JCAF

Letter From the Editor