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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
Figuring Out the Fair Value of a Liability
FASB's new proposed guidance won't change the odd practice of booking a gain when the value of a liability tanks. May 18, 2009
U.K. Lawmakers Defend Fair Value
A report from a House of Commons Treasury Committee says bad decisions at banks — not accounting rules — created the credit crunch. May 15, 2009
Leadership in Finance: Triple-S Management's Juan Jose Román
During a time when the economy and credit markets were shaky, the CFO helped transform his company from a closely held, non-profit insurance group to a publicly traded corporation. May 14, 2009
U.S. "Will Be The Outlier" Without IFRS
IASB member John Smith tells a European audience that "it is in the interest of the United States to adopt IFRSs in the next five years." May 12, 2009
"Unchecking the Box" Could Lead to Fierce Debate
President Obama is trying to revive a Clinton-era tax rule that was "almost immediately discredited" when it was proposed 11 years ago. May 11, 2009
Riding the Rails
Balancing efficacy and expediency, the international accounting standards setter settles on a timetable for amending fair-value rules. May 11, 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