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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
Huge Changes in Store for Financial Statements
Thought the economy wreaked havoc on your financial statements? Wait until FASB gets through with them. January 30, 2009
SEC, Others to Oversee Global Accounting
The trustees of the International Accounting Standards Board agree to have a collection of global regulators peering over their shoulders. January 30, 2009
Will a Tortoise Pace Win the Global Accounting Race?
Moving quickly to international accounting standards may be thwarted by practical reasons. January 23, 2009
Top Obama Advisers Clash on Global Accounting Standards
With Paul Volcker delivering a strong endorsement of International Financial Reporting Standards, the nominee for SEC chair, Mary Schapiro, testifies that she has concerns about the IFRS timeline. January 15, 2009
Data-Tagging: New Push for a Global Standard
International rulemakers release a "nearly" final version of their XBRL tool, and many see it as a major step toward IFRS. January 12, 2009
Which One When?
A roundup of key accounting deadlines, developments, and detours to watch for in 2009. January 1, 2009