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2 Apr 2009, 3:52 pm
Today, the Financial Accounting Standards Board endorsed misleading accounting practices by relaxing mark-to-market or fair-value accounting rules. [read post]
12 Jul 2011, 8:46 am by Adam G. Kurtz
    On Friday, July 8, 2011, the Governmental Accounting Standards Board (GASB) – the accounting rule makers for state and local governments – published final draft proposals as part of their effort to improve upon the standards for accounting and financial reporting of public pension plans. [read post]
14 May 2013, 12:32 pm
The Board may require development of multi-year financial plans, functional consolidation, mergers, shared services, fewer elected officials, and other measures.The Board would also serve as a binding arbitration panel: The Board would provide an alternative to the binding arbitration process for police, fire, or deputy sheriff unions if municipalities and unions agree. [read post]
5 Jul 2010, 9:48 am by Connie Crosby
Pension Plans – “Pension plans, and benefit plans that have characteristics similar to pension plans, will follow new accounting standards for pension plans issued by the Accounting Standards Board as of January 1, 2011, rather than International Financial Reporting Standards. [read post]
14 Jun 2009, 10:01 am
IASB Chair: Board Will Produce New Fair Value Standard This YearIASB Chair David Tweedie said that the Board will adopt a new standard on fair value accounting this year for use in 2009 financial statements. [read post]
15 Oct 2020, 6:06 am by John Jascob
This latter standard took on additional importance in view of the impact of the pandemic on the global economy, Brown added.Brown also said that despite the Board’s promises in its strategic plan, the revised agendas are not innovative. [read post]
The UK government is a strong supporter of the ISSB and plans to make endorsement decisions on the ISSB’s first 2 new standards (IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: Climate-related Disclosures) by July 2024. [read post]
5 Jun 2018, 1:58 am by Simon Lovegrove
On 4 June 2018, the Financial Stability Board (FSB) launched its third thematic peer review on resolution regimes for banks. [read post]
15 Mar 2022, 10:12 am by Simon Lovegrove (UK)
Among other things IOSCO plans to review the soon-to-be-published IFRS International Sustainability Standards Board (ISSB) Exposure Drafts of proposed climate and general sustainability disclosure requirements, as well as the final standards when they are produced. [read post]
6 Apr 2022, 3:15 am by David Lynn
The ISSB is seeking feedback on the proposals over a 120-day consultation period closing at the end of July, and it plans to issue new Standards by the end of the year. [read post]
24 Aug 2010, 2:23 pm by By CYRUS SANATI
The Financial Accounting Standards Board said its chairman, Robert Herz, had decided to retire after more than eight years leading the group. [read post]
27 Sep 2023, 7:30 am by The White Law Group
(CFP Board) is a non-profit organization that sets and upholds standards for financial planning. [read post]
28 Aug 2019, 5:48 am by David Canton
As the standard says, normal security standards “… are expensive to implement, beyond the financial and/or human resources means of most small and medium organizations in Canada. [read post]
22 Oct 2010, 6:00 am by Kyle Krull
I also would add that the Certified Financial Planner Board of Standards has released a new guide entitled, “Consumer Guide to Financial Self-Defense… What you must know and do to prevent financial abuse. [read post]
19 Jun 2014, 3:04 am by Broc Romanek
The new standard may not affect all U.S. companies equally, but it will require all to evaluate their contracts to determine whether: - the new standard will affect the timing and amount of revenue recognized; - new contracting processes should be considered; - internal control over financial reporting and IT systems need to be updated; and - bonus and incentive plans and other compensation arrangements need to be revised. [read post]
18 Oct 2008, 5:45 pm
In-house lawyers, legal organizations and law firms won the first round of a fight with the Financial Accounting Standards Board over a plan calling for greater disclosures of lawsuits and other loss contingencies on financial statements — but they’re girding for a longer battle. [read post]
16 Dec 2016, 1:02 am
Earlier this year, the Financial Accounting Standards Board (FASB) issued new guidance (ASU 2016-09) regarding equity-based compensation. [read post]
5 Nov 2009, 6:41 am by Kurt J. Schafers
The amendment would extend FINRA’s authority to cover investment advisors who are associated with broker-dealers already under FINRA’s authority.The Coalition, made up of the Certified Financial Planner Board of Standards, Inc., the Financial Planning Association, and the National Association of Personal Financial Advisors, is concerned with how the amendment extends FINRA’s authority to approximately 88 percent of investment… [read post]
29 Oct 2010, 4:05 am by Howard Friedman
A plan put forward by the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) to create separate national Shariah boards to oversee the sale of Shariah-compliant financial instruments is drawing criticism from lawyers and bankers. [read post]