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Ball of Confusion: FASB Affirms Fair-Value Principles
Okaying a proposal on how to gauge the price of financial instruments in illiquid markets, the board says that preparers should use their judgment. April 2, 2009
Investors: Stem the Anti-Fair Value Tide
Investors, perhaps futilely, call on FASB to rethink proposals issued under high political pressure. April 1, 2009
Income-tax Accounting: Same Difference?
The International Accounting Standards Board takes a stab at simplifying how companies account for deferred taxes. March 31, 2009
FASB Impairment Changes Could Boost Banks' Profits
A Financial Accounting Standards Board proposal would amend how companies record other-than-temporary impairments for securities they have no current plans to sell. March 19, 2009
FASB Fair-Value Proposal Fights Sticky Wicket
In its just-issued staff proposal, the board would steer bondholders away from valuing their holdings according to scattered market sales. March 18, 2009
A Fair Value Antidote Is Rushed by FASB
In newly proposed guidance, board encourages companies to use more judgment — and do more work — when assessing the current value of assets stuck in an inactive market. March 16, 2009
Accounting: a Narrative Art?
If U.S. GAAP becomes principles-based, financial executives would do well to become students of Mother Goose. March 13, 2009
Oust the SEC as Sole Accounting Watchdog?
Are you ready for the FAOB? New House bill would install instead a five-member oversight board made up of heads of Treasury, the Fed, FDIC, and PCAOB, along with the SEC chair. March 10, 2009
Fair Value Footnote Rule Is Step to Convergence
IASB's new disclosure standard borrows the three-tier risk hierarchy from U.S. GAAP. March 5, 2009
The Growing Concern over "Going Concern"
GM's dismal-future disclosure from Deloitte is just one of many that will be part of an "unprecedented" trend this year, experts predict. March 5, 2009