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.
IASB Plans Revamp of Financial Term Definitions
“We want to give investors the right handles to look at a balance sheet,” the board's chairman Hans Hoogervorst says.
SEC Leads Crackdown on Non-GAAP Measures
"Cherry picking" and boilerplate reporting are in the SEC's crosshairs.
The Split Over Convergence
FASB and the IASB back away from the goal of a single global accounting language.
Former SEC Chair Cox Declares IFRS “Bereft of Life”
The former chairman of the SEC declares that full-scale adoption of IFRS in the United States is no longer possible, but his European counterparts disagree.