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8 Jun 2018, 6:47 am
Global Governance: Board Independence Standards and Practices Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, June 1, 2018 Tags: Asia-Pacific, Board independence, Boards of Directors, Europe, International governance, Securities regulation Caremark and Reputational Risk Through #MeToo Glasses Posted by Arthur H. [read post]
1 Jun 2010, 8:27 am by admin
The Financial Accounting Standards Board on May 26 issued its high-priority, broadly-scoped proposal to improve accounting for financial instruments, which calls for increased reporting by banks and other companies of fair value amounts for loans and other instruments as well as for prominent display of amortized cost amounts of their holdings. [read post]
23 Oct 2011, 9:33 am by James Hamilton
The Leaders also encouraged the International Accounting Standards Board to further improve the involvement of stakeholders, including the membership of emerging market economies, in the process of setting the global standards, within the framework of the independent accounting standard setting process.The finance ministers and central bankers also endorsed a comprehensive framework to reduce the risks posed by systemically important… [read post]
Scott, the Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School, the book represents perhaps the most learned and succinct account of the financial crisis to date. [read post]
20 Dec 2020, 6:47 am
Robert Brown is a Board Member of the Public Company Accounting Oversight Board. [read post]
18 May 2021, 9:00 am by Mindy Harris
As a result, the Board anticipates the application of the account access guidelines to access requests by federally-insured institutions will be fairly straightforward in most cases. [read post]
States would also be expected to implement existing due diligence standards and best practices, such as those outlined in the 2016 CPMI-IOSCO Cyber Guidance. [read post]
16 May 2024, 1:21 pm by Chris Rufo | New England Law, US
The relevant statute states: Each year (or quarter of such year), beginning on the designated transfer date, and each quarter thereafter, the Board of Governors shall transfer to the [CFPB] from the combined earnings of the Federal Reserve System, the amount determined by the Director to be reasonably necessary to carry out the authorities of the Bureau under Federal consumer financial law, taking into account such other sums made available to the Bureau from the preceding… [read post]
22 Jan 2016, 6:13 am
A New Measure of Disclosure Quality Posted by Shuping Chen, University of Texas at Austin, on Thursday, January 14, 2016 Tags: Accounting, Accounting standards, Analyst forecasts, Disclosure, Equity capital, External auditors, Financial reporting, Information asymmetries, Information environment, Transparency REIT and Real Estate M&A in 2016 Posted by Adam O. [read post]
5 Oct 2016, 9:30 pm by Grayson C. Weeks
Government Accountability Office (GAO) has joined the chorus. [read post]
6 Nov 2008, 6:46 pm
Rather, they noted that the Financial Accounting Standards Board (FASB)--which sets U.S. accounting standards--and the SEC have clearly stated that judgment should be applied, particularly at a time when the market is distressed. [read post]
8 Aug 2008, 5:00 pm
We haven't yet said a peep about the FAS 5 brouhaha.And, Lord knows, we haven't had to.In a nutshell, the Financial Accounting Standards Board has proposed to amend FASB Statement No. 5 to require companies to make additional disclosures about pending "loss contingencies," which means making more public statements about pending litigation.For some of the massive reaction to FASB's proposal, see The Wall Street Journal's editorial on… [read post]
14 Jan 2007, 2:31 pm
Back in 2004, many companies were arguing against a Financial Standards Accounting Board (FASB) mandating stock option expensing (or reporting the estimated value of outstanding options, since the exact value is not determined until options are exercised.) [read post]
23 Jul 2008, 8:13 pm
According to a new survey, The Seigel Tax Reserve Report, published by Seigel & Associates, LLC, more than 28% of "large public companies are not meeting the disclosure requirements for tax reserves required by the Financial Accounting Standards Board rule known as FIN 48. [read post]
On 18 July 2023, the Financial Markets Standards Board (FMSB) published a transparency draft of a statement of good practice for the application of a model risk management framework to electronic trading algorithms. [read post]
4 Apr 2007, 9:13 pm
The Securities and Exchange Commission voted in favor of four staff recommendations to work with the Public Company Accounting Oversight Board (PCAOB) to help change Sarbanes-Oxley. [read post]
18 Oct 2011, 4:43 pm by James Hamilton
Noting that the momentum for IFRS to become the global language of accounting standards has become unstoppable, IASB Chair Hans Hoogervorst found the case for US adoption of IFRS compelling. [read post]
6 Apr 2012, 4:26 pm by James Hamilton
While each individual disclosure requirement may have made sense when the standard was first introduced, he noted, the Board will ask if disclosures in totality improve the clarity of financial reporting, or do they make it more difficult to really see what is going on. [read post]
16 Mar 2010, 7:40 am by David Zaring
  Amid the usual bland hemming and hawing of an international institution (the board should "account of the bank's long-term financial interests and safety"), I saw a couple of interesting developments: A dig at the United States, which has tolerated corporate titans and college presidents on boards; Basel wants more qualifications (but yet also independence!). [read post]