Accounting
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SEC: In-House 404 Costs Top Audit Fees
The regulator has given all businesses more to chew on with a survey on the effects and cost-benefits of the 2002 law. October 6, 2009
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Why Small Biz Isn't Ready for IFRS
In spite of their interest in the proposed "little GAAP," small businesses are not ready to move on "IFRS light." October 6, 2009
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Deadline for Small Co. 404 Audit Reports: June 15
While the largest of U.S. publicly traded companies are in their fifth year of complying with Section 404, smaller companies have yet to fully comply. That will start to change next year, the Securities and Exchange Commission has ruled. October 2, 2009
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As Easy as A-S-C
The alphabet soup of acronyms in accounting literature is winnowed drastically as the new accounting standards codification takes effect. October 1, 2009
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X Marks the Spot, for Errors
Early results indicate that filing financial statements in XBRL is far from simple. October 1, 2009
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Wells Fargo: Ready To Blow?
Buying Wachovia was strategically astute but financially messy. September 25, 2009
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Mixed Signals: A New Reason to Revisit Materiality
A report says most restatements made on the sly have only a minor negative effect on net income. So, were the fixes even necessary, especially in light of complaints that investors are suffering from information overload? September 24, 2009
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How to Answer an SEC Comment Letter
An SEC official provides some fundamental advice about handling queries from the regulator. An old-fashioned telephone conversation is at the top of the list. September 23, 2009
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Global Standards Alive and Kicking, SEC Accounting Chief Says
Rather than sidetracking international financial reporting standards, the economic crisis may have underscored their importance, Kroeker says. September 17, 2009
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New Revenue-Recognition Rules: The Apple of Apple's Eye?
The computer company and other tech outfits are likely to cash in on revenue-recognition changes if the new regs take on an international flavor. September 16, 2009
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