IASB Proposes Changes to Reporting of Profit and Income
The proposals represent "a game changer in the comparability and usefulness of financial statements," said IASB Chair Hans Hoogervorst.
Outside Board Service Boosts Inside Accounting Quality
CFOs who serve on other companies' boards make significantly fewer errors in their own financial reporting.
SEC: Telecom Firm Artificially Boosted Revenue
How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
Study Supports Scrapping the 10-Q
Research yields first-of-its-kind evidence that greater reporting frequency begets corporate myopia.
Unlock the Hidden Benefits of Lease Accounting Rules
Yes, complying with the new lease accounting standard presents a compliance burden. But the effort may well lead to operational and cost improvements.
Five Keys to Succeeding as CFO of a PE-Backed Company
Above all, a CFO has to provide the financial sponsor with an ongoing and accurate window into the company’s performance.
Fears Over Downside to Clawbacks Are Unwarranted: Study
Contradicting prior research, a new report finds that increased performance-based compensation for CFOs actually steers them away from earnings management.
Companies Get Help with Materiality Definition
The International Accounting Standards Board responds to companies’ call for help with materiality in financial statements.
SEC’s Chief Accountant: Issuers Must Address ‘Other Reporting’ Risks
Disclosing supplemental information like key operating metrics and forecasts requires controls and procedures, says the SEC's Wesley Bricker.
In Accounting Swan Song, SEC’s White Urges Convergence
Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
Supplemental Financial Disclosure: What Stakeholders Really Want
Hesitation may arise at the thought of providing incremental financial disclosures, but the benefits are clear.