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Standard Bearers
Accounting bodies, regulators and other financial experts gather in London to bemoan political interference in the standard-setting process and to discuss a timetable for overhauling rules on valuing financial instruments. May 25, 2009
In Data-Tag Game, the Feds Are It
Under a proposed law, all government agencies that require corporate reporting — not just the SEC — would have to collect and disseminate financial data with XBRL tags. May 20, 2009
Probe of Ex-Pension Chief Spotlights Shift to Stocks
Charged with having dual loyalties to Wall Street and retirees, respectively, the former director of the Pension Benefit Guaranty Corp. led a big shift from bonds to equities, real estate, and private equity. May 15, 2009
Dilute or Die
Using market signals to gauge a bank's health. May 15, 2009
Business Sweats on Climate Bill
More than 10,000 small business men and women sign a petition asking the Chamber of Commerce to stop lobbying against President Barack Obama's clean-energy bill. May 14, 2009
Punishing Intel
The European Commission levies a $1.45 billion fine on Intel for anti-competitive behavior. May 13, 2009
PCAOB Knocks McGladrey on Loan-Loss Reserves
The audit firms' oversight body found several deficiencies at seven of McGladrey's clients last year. May 8, 2009
Since Sarbox, Non-audit Fees Dove from 51% to 21%
The auditor-independence law has proved remarkably efficient in keeping accountants focused on audits. May 7, 2009
SEC Top Cop Talks Tough
In testimony before a Senate Banking subcommittee, the SEC's new enforcement director suggests a return to the immediate post-Enron era of big corporate penalties. May 7, 2009
European Ministers Put Pressure on Accounting Standards Board
Threat to summon IASB representative to meeting following concerns that US banks will have an advantage. May 7, 2009