Workday sells software to manage employee data, time tracking, procurement, expense management and financial accounting.

FORBES: What Workday's IPO Success Says About Software

Many financial analysts, investment management and accounting professionals have some explaining to do.

FORBES: The Shape of Things to Come (December 1, 2001)

Arthur Fellow in the Accounting and Management unit at Harvard Business School, where he studies the political economy of corporate accountability and financial reporting.

FORBES: Are the 'Big Four' Audit Firms Too Big to Fail?

The idea is to delist them, take over, put in new management, clean the financial books and then re-list in Hong Kong, where accounting standards are less rigorous.

FORBES: China Believers Stand Firm Despite Fraud Cases

But there is no doubt that the summit's action plan includes a long list of financial sector dimensions to be addressed, including: accounting standards, hedge funds, risk disclosures, financial sector assessments, credit rating agencies, risk-management and stress-testing models, international standard setters, sanctions for misconduct, reporting to supervisors in different countries, and more.

FORBES: Magazine Article