CFO.com: Regulatory Issues News

Congress Waters Down FASB-Oversight Plan

Tue, 24 Nov 2009 03:01:00 GMT

An amendment to the in-progress Financial Stability Improvement Act would allow financial regulators to review accounting standards but give them no final authority.

Possession Is 100% of the Tax Law

Mon, 23 Nov 2009 05:42:00 GMT

The accrual of some disputed payments may garner a deduction. But a company has to have control of the deferred funds.

IFRS: Jekyll or Hyde?

Sat, 21 Nov 2009 03:13:00 GMT

U.S. adoption of global accounting standards would be intended to create a level global playing field, but within U.S. borders, its benefits would differ dramatically from company to company.

CFOs High-five on 404 Rollback Bill

Wed, 18 Nov 2009 06:16:00 GMT

But some accounting experts despair over a resulting lack of checks on management's assessment of internal controls of financial reporting.

Herz: U.S. Convergence Ball Is in SEC's Court

Tue, 17 Nov 2009 05:54:00 GMT

The decision about whether the nation's corporations should report under international accounting standards has foundered amid a change of Presidents and a corresponding change of leadership at the Securities and Exchange Commission.

Keep Bank Regulators Away from FASB: SEC Commissioner

Wed, 18 Nov 2009 03:21:00 GMT

Commissioner Elisse Walter hopes to squelch a legislative proposal that would make FASB subject to oversight by banking regulators. Other critics say the proposal might allow banks themselves to influence accounting.

Ghosts of Barbarians Limit New NOL Carrybacks

Mon, 16 Nov 2009 09:14:00 GMT

A specter of the old Barbarians at the Gate era emerges as companies hoping to take advantage of the net-operating-loss tax rules enacted last week may be limited by a 20-year-old law passed after the RJR Nabisco leveraged buyout.

Derivatives: over the Counter, out of Sight

Fri, 13 Nov 2009 16:33:00 GMT

Derivatives are extraordinarily useful – as well as complex, dangerous if misused and implicitly subsidized. No wonder regulators are taking a close look.

No More Lenience on Pay Disclosure: SEC

Wed, 11 Nov 2009 05:35:00 GMT

The regulator pledges to finally get tough on the enforcement of its three-year-old compensation-disclosure rules.

Where's the Cash? Look Behind You

Wed, 11 Nov 2009 17:31:00 GMT

A new law gives corporations a chance to apply net operating losses to income generated in good years, going back to 2003.