Cox: Accounting Is Not a Fiscal Policy Tool
In a speech today in Washington, SEC Chairman Cox dashed the hopes of those who sought a suspension of fair-value accounting.
Banker: Volatility Is Reality
Newly appointed bank CEO Gerrit Zalm, who also chairs the trustees of the International Accounting Standards Board, says that the credit crisis is a regulatory problem, not an accounting one.
Obama’s Accounting Expert?
Paul Volcker, now officially an economic adviser to the incoming Obama administration, is famous as a fierce inflation fighter. But he also has strong views on accounting topics that might soon become mainstream economic issues.
Could Bank Rules End the Fair Value Debate?
It wouldn't be the first time bank regulators broke from accounting rulemakers to find a solution to dwindling capital reserves.
While we wait to find out who becomes Treasury Secretary, here's what Obama's economic advisory board might say about some more specific corporate-finance issues.
IFRS Back on Track?
The SEC is expected to publish its timetable for switching from GAAP to IFRS on Friday. But the plan, first proposed in August, will be released into a radically different economic and political environment.
Banks Tighten the Screws
The latest survey from the Fed shows banks are putting an ever-tighter squeeze on credit lines and loans to companies.
CFOs React: Southern Company’s Paul Bowers
One day after the bailout bill failed in Congress and the market took its largest point plunge ever, the finance chief of the South's largest utility holding company is watching his bank relationships like a hawk.
Strange Bedfellows: Fair Value and the Bailout Plan
The presence of the government in the market could be just another piece of information to assess.
Will Audit Firms Go Public with Financial Results?
A Treasury advisory committee recommends that audit firms should file GAAP financial reports with the PCAOB.
Cox: Default Swaps Are Naked Shorts
In prepared testimony that he will deliver to the Senate this morning, the SEC chairman will call for Congress to give his agency authority over swaps.