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7 May 2018, 5:00 am by John Jascob
He encouraged industry participants to support the standard setting bodies that maintain general purpose financial reporting frameworks instead of special purpose ones. [read post]
14 Aug 2017, 7:39 am by John Jascob
In a comment letter to the PCAOB, the ABA noted that accounting estimates and fair value measurements are pervasive throughout bank financial statements, primarily through the allowance for loan and lease losses (ALLL) and the measurement of other financial assets and liabilities. [read post]
11 Jan 2009, 12:20 am
The Financial Accounting Standards Board (FASB) has proposed a new standard for public disclosure of pending lawsuits. [read post]
22 Oct 2023, 9:59 pm by Cari Rincker
But for basic tax filings and other standard accounting services, an accountant may suffice. [read post]
11 Feb 2021, 10:39 am by John Jascob
The Dodd-Frank Act created the Offices of Minority and Women Inclusion to begin to hold the financial industry accountable for diversity and inclusion, but few have offered data voluntarily, according to the petitioner. [read post]
15 Feb 2013, 2:49 pm by James Hamilton
The reason why it was removed was because the IASB felt that it was being abused, or misunderstood, to underestimate artificially the value of assets, and the Board likes financial accounts to be as neutral as possible.Expected Loss Model. [read post]
8 Sep 2022, 12:47 pm by The White Law Group
CFP Reportedly Orders Revocation to Mark Trewitt, Delta Investment Management, for Rules Violations   Certified Financial Planner Board of Standards, Inc. [read post]
19 Feb 2009, 5:40 am
We've posted before about the Financial Accounting Standard Board's proposal to revise how the accounting rules deal with loss contingencies, such as pending litigation. [read post]
7 Aug 2023, 5:24 am by Unknown
First, practitioners must follow ethics standards that are at least as demanding as those established by the International Ethics Standards Board for Accountants (IESBA). [read post]
17 Apr 2008, 5:31 pm
The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, April 22, at 9:30 a.m. in the Board's open meeting room at 1666 K St. [read post]
31 May 2009, 9:59 am
IASB Chair David Tweedie mentioned that if the international and US accounting standard do not converge, constituents will be interested why it will have taken seven years for the US to realize it will not converge when the IASB and the Japanese Accounting Standards Board may adopt IFRS in less time. [read post]
24 Oct 2012, 11:49 am by Kurt Schulzke
-based and controlled Financial Accounting Standards Board (“FASB”) through its Accounting Standards Codification (“Codification”). [read post]
14 Feb 2007, 4:46 am
Nearly two years ago, then-chief accountant Don Nicolaisen outlined a “roadmap to convergence” between United States generally accepted accounting principles and those embodied in the International Financial Reporting Standards as issued by the International Accounting Standards Board. [read post]
21 Mar 2011, 10:00 am by James Hamilton
Professional skepticism by auditors of financial statements has taken on more importance as the move to principles-based global accounting standards accelerates. [read post]
26 Mar 2009, 6:53 am
On March 18, the Financial Accounting Standards Board released a proposal to issue new guidance on: (1) measuring fair value of financial instruments in inactive markets, and (2) recording other-than-temporary impairment (OTTI) charges. [read post]
26 Jan 2021, 5:52 am
Robert Brown is a Board Member of the Public Company Accounting Oversight Board. [read post]
5 Nov 2021, 8:40 pm by Simon Lovegrove (UK)
On 4 November 2021, the Financial Stability Board (FSB) issued a progress report on the implementation of its Principles for Sound Compensation Practices (Principles) and their Implementation Standards in financial institutions. [read post]