The Supreme Court's slap at the "stark unpredictability" of punitive damages in the oil tanker case highlights the challenge of making companies report future lawsuit liabilities to investors.
The American accounting standards setter adjusts its plans in preparation for U.S. switch to international standards.
The world's securities regulators — notably the SEC — take steps to increase their oversight of international accounting standards.
Companies will have to disclose more detail about potential future losses — notably from lawsuits — under a proposed new accounting rule.
In an otherwise routine vetting, three nominees to the short-handed Securities and Exchange Commission agreed with their Senate questioner that fixing credit rating agencies was a top priority.
Millions of dollars in Army payments made in Iraq and nearby countries, many in cash, have gone undocumented since 2001, says the Inspector General.
The latest in the fight over fair-value accounting has Chuck Chaplin questioning its relevance to his company — and firing back at a Wall Street Journal critique of an MBIA earnings release.
Pass this primer around to employees, peers, and directors who don't grasp the pitfalls of mark-to-market accounting.
The Fed chairman defends recent moves to stabilize the markets and says any expectations of future government bailouts will be defused through stricter bank regulation.
The chairman of the accounting standards board notes that his staff sent up a warning flare about subprime mortgages in 2005.
The Securities and Exchange Commission chairman calls on Congress to pass laws to avoid the need to improvise in the middle of a liquidity crisis.
The group that helped lawmakers write the Credit Rating Agency Reform Act says the law isn't being enforced — and worries that even better enforcement might not be enough to rebuild market confidence in ratings.
