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6 Apr 2009, 12:49 pm
" If so, according to the logic of new accounting rules the country's independent accounting standard setter adopted last week, valuation of these items may not accurately be ascertained by using recent comparable home sales or trading prices for corporate debt and common stock or auction sales of collectibles. [read post]
5 Apr 2009, 5:00 am
The standards setters should achieve clarity and consistency in the application of valuation standards internationally, working with regulators. [read post]
2 Apr 2009, 2:01 pm
The IMF and the FSB in cooperation with international standard-setters will provide an assessment of implementation by relevant jurisdictions, building on existing FSAPs where they exist. [read post]
1 Apr 2009, 5:35 am
Accounting standard setters must mitigate procyclicality by identifying solutions that are compatible with their complementary objectives of enhancing the stability of the financial sector and promoting transparency of economic results in financial reports.Specifically, the G-20 recommend that accounting standard setters strengthen the accounting recognition of loan loss provisions by considering alternative approaches for recognizing and measuring loan losses that incorporate a… [read post]
31 Mar 2009, 1:28 pm
I repeat my remarks from my comment letter on the FAS 157-e proposal: this FSP will create difficulties for the FASB's long-term credibility as an independent standard setter. [read post]
27 Mar 2009, 8:30 am
But as an independent standard-setter? [read post]
18 Mar 2009, 6:27 pm
Or the $3088 “JET-SETTER” edition replete with a Tumi sleeve? [read post]
12 Mar 2009, 11:02 am
While all members of Congress present washed their hands of "wanting to interfere with accounting standard setting," they still blamed fair value reporting for making their constituents' houses worth less, and causing job losses and human suffering - therefore, it's up to the standard setters to "do something" about it. [read post]
12 Mar 2009, 3:27 am
However, participants also expressed the desire for accounting standard setters to continue to address issues arising out of the financial crisis, including improvements to the guidance on the measurement of fair value, particularly in inactive or illiquid markets. [read post]
11 Mar 2009, 4:14 am
The legislation retains FASB as the accounting standard setter. [read post]
6 Mar 2009, 8:35 am
Wouldn’t it be great if the standard setters got together and agreed on one standard and one set of terminology? [read post]
4 Mar 2009, 11:20 am
He said that the work of this group will help inform the work of standard setters, regulators, and policy makers in this area.Regulators should recognize the fact that, where quarterly losses are caused by reserve-building, that is a positive not a negative net result. [read post]
4 Mar 2009, 10:27 am
Accounting standards and regulatory requirements have also proved insufficient in some areas leading the relevant standard setters to undertake a review. [read post]
4 Mar 2009, 8:35 am
The new authority would interact with the Financial Stability Forum and regulators around the world, as well as the global standard setters. [read post]
13 Feb 2009, 12:54 am
Last year was a record-setter when it came to recalls and warnings about dangerous children's toys, especially lead paint laden toys imported from China. [read post]
9 Feb 2009, 8:01 am
In a time of economic turmoil and crisis of confidence, it should not be surprising that accounting rules are again in the spotlight with accounting standard setters and regulators having been very active as of late. [read post]
1 Feb 2009, 6:37 am
And if the Reagan and Clinton Administrations are the guide, this may be a tone-setter for the next eight years. [read post]
29 Jan 2009, 5:59 am
It seems Fisk was a bit of a trend setter. [read post]
26 Jan 2009, 11:39 am
For similar reasons, the Commission has proposed independent funding for the oversight body of the IAASB, the standard setter for international audit standards. [read post]
24 Jan 2009, 12:20 pm
Schapiro also believes in: (a) maintaining the independence of the US accounting standard setter, the Financial Accounting Standards Board; (b) cracking down against abuses of off-balance sheet accounting; and (c) continuing the requirement that stock options be accounted for as compensation expense. 5. [read post]
