FASB, IASB Hone Differences in Financial Instruments Standards

Monday, January 30, 2012   The boards have been urged to converge their standards on financial instruments

CEOs urge court to throw out SEC-Citigroup ruling

Friday, January 13, 2012   Manhattan judge rejected the SEC's long-standing practice of not requiring settling companies to admit or deny its charges

Former BDO Partner Pleads Guilty to Lying to SEC

Thursday, January 12, 2012   Polozola pleaded guilty to a one-count information charging him with making a false statement

SEC Won’t Decide on IFRS for At Least a Few More Month

Friday, January 06, 2012   Prospect for global, consistent standards relating to revenue recognition and leasing is getting closer to reality

COSO Releases Draft of Updated Internal Control Framework

Thursday, December 22, 2011   Update does not change core objectives or definitions

Smoothing the IPO Path

Friday, December 09, 2011   A new SEC committee wants to help smaller companies

Judge rejects SEC-Citigroup settlement

Tuesday, November 29, 2011   Setback to the agency chiefly responsible for policing Wall Street

Senate Bill Would Make PCAOB Disciplinary Hearings Public

Monday, November 21, 2011   PCAOB Enforcement Transparency Act of 2011

SEC Releases Long-Awaited IFRS Comparison Papers

Thursday, November 17, 2011   SEC commissioners are expected to issue a statement by the end of the year

IASB and FASB Publish Revised Proposal for Revenue Recognition

Tuesday, November 15, 2011   Revised exposure draft is based on the same underlying principles as the original draft

SEC Chief Accountant Blasts AICPA Private Company Resolution

Wednesday, November 09, 2011   Two different frameworks for public and private companies?

Regulations Spurring IT Spend

Tuesday, November 08, 2011   New report foresees the financial services industry’s risk technology spending hitting $23 billion by 2013

FASB Chair Seidman Favors ‘Condorsement’ Approach

Tuesday, October 25, 2011   Also talks about proposed plan of the FAF trustees for private company GAAP

FASB Proposes Fair Value for Investment Properties

Monday, October 24, 2011   Comments on both proposals are due Jan. 5, 2012

AICPA Renews Campaign for Private Accounting Standards Board

Wednesday, October 19, 2011   The debate is heating up

Task Force Calls for Global Regulatory Convergence

Tuesday, October 11, 2011   Enhanced coordination and consultation with all stakeholders is imperative

SEC under Schapiro struggles to turn around amid political, financial head winds

Monday, October 10, 2011   Many of the initial challenges persist

PCAOB Publishes Staff Alert on Audit Risks in Certain Emerging Markets

Saturday, October 08, 2011   Dangers of fraud emanating from emerging markets, especially China

FASB’s Convergence Timeline Moves to Next Year

Wednesday, October 05, 2011   Convergence is still a very high priority

FASB’s Convergence Timeline Moves to Next Year

Thursday, September 22, 2011   Consistent application around the world requires coordination among the auditors and the regulators

FASB Issues Goodwill Impairment Testing Standard

Friday, September 16, 2011   Aimed at simplifying

US Department of Labor finds Bank of America in violation of Sarbanes-Oxley Act whistleblower protection provisions

Thursday, September 15, 2011   Bank ordered to reinstate fired employee and pay $930,000

Framework Proposed for Integrating Financial, Environmental and Social Reporting

Tuesday, September 13, 2011   The comment period on the discussion paper will be open through Dec. 14, 2011

More Accounting Transparency May Distort Market

Friday, September 02, 2011   Accounting measurement rules can have substantial real effects

SEC Charges TV Makers with Financial Fraud

Thursday, September 01, 2011   Five senior executives charged: All agreed to settlements

SEC Accused of Destroying Case Documents

Saturday, August 20, 2011   SEC asked to respond to allegations

Give Companies the Choice to Adopt IFRS: Accountants

Thursday, August 18, 2011   The AICPA wants to enable U.S. companies to choose

Small Companies Criticize Switch to IFRS

Tuesday, July 26, 2011   A panel of small-company finance execs weighs in on potential move

D.C. Circuit Court Vacates SEC's Proxy Access Rule

Saturday, July 23, 2011   Finds that the SEC had acted arbitrarily and capriciously

SEC settlement with former Morgan Stanley trader is inadequate

Friday, July 15, 2011   SEC Commissioner Luis A. Aguilar wanted a charge against trader

SEC’s Casey Pushes to Incorporate IFRS

Friday, July 01, 2011   The risks of not moving forward with IFRS for U.S. issuers “simply too great”

IFRS accounting likely delayed

Tuesday, June 21, 2011   Japanese companies believe the drastic system overhaul is expected to add a massive administrative burden to companies

PCAOB Set to Expand Under New Mandates

Monday, June 20, 2011   An Interview With Chairman James R. Doty

U.S. SEC Warns Investors on Reverse Merger Companies

Friday, June 10, 2011   Many companies either fail or struggle to remain viable following a reverse merger

PCAOB May Require Mandatory Audit Firm Rotation

Saturday, June 04, 2011   Aimed towards reducing conflicts of interest

SEC Releases Work Plan for How IFRS Transition Might Work

Friday, May 27, 2011   It is the SEC staff’s way of exploring possible methods of incorporation

SEC Rule Will Let Whistle-Blowers Bypass Internal Programs

Thursday, May 26, 2011   A Commissioner "no" vote claims a negative impact on internal compliance systems

SEC’s Schapiro Says Investors Expect More from Accountants

Wednesday, May 25, 2011   She plans to make some changes

Melancon Urges Fight for Private Standards Board

Tuesday, May 24, 2011   The Financial Accounting Foundation to conduct its own study

Headaches at the SEC's think tank

Tuesday, May 10, 2011   No economist reporting to the chairman's office

Big U.S. banks oppose derivatives accounting plan

Tuesday, May 10, 2011   What should be on the balance sheet?

Aon Names Top 10 Risks

Monday, May 02, 2011   Economic risks, regulatory changes sit atop risk management survey

FASB Proposes New Rules on Goodwill Impairment Testing

Wednesday, April 27, 2011   Comment period extended through June 6, 2011

Testy 9th Circuit Hears Whistleblower Case

Tuesday, April 26, 2011   Boeing Sarbanes-Oxley case plods on

FASB and IASB Delay Convergence Timeline—Again

Thursday, April 14, 2011   Updated progress report expected next week

Regulatory incident casts doubts on Bank of America management

Wednesday, April 13, 2011   This is one area where the board needs to take charge

IFRS Outlook: Hurry Up and Wait

Tuesday, April 12, 2011   Accounting convergence worries finance chiefs, but they aren't doing much about it yet

IFRS Foundation to Add Common-Practice Tags to IFRS Taxonomy

Monday, April 11, 2011   Tags will be published as a draft supplement to the IFRS Taxonomy 2011

Will the PCAOB Tighten Auditing Standards?

Thursday, March 31, 2011   How much value do the statements provided by auditors offer investors?

Be Careful What You Tweet, Mary Schapiro Might Be Watching

Tuesday, March 29, 2011   The importance of a a social media policy

Missing: Public Companies

Thursday, March 24, 2011   Why is the number of publicly traded companies in the U.S. declining?

James Doty: New PCAOB chairman works to increase audit enforcement initiatives

Wednesday, March 23, 2011   Audit quality is fundamental to much of capital market health

Enron Whistleblower Scores $1.1M Reward from IRS

Wednesday, March 16, 2011   It is one of the few whistleblower rewards the new IRS Whistleblower Office has made

Majority of Chief Audit Executives Say Not to Repeal SOX

Tuesday, March 15, 2011   Although shifting regulatory landscape poses the greatest threat

Balancing Act: A Lease Accounting Journey

Monday, March 14, 2011   The change could be significant

Tweedie Urges U.S. Acceptance of IFRS

Friday, March 11, 2011   SEC’s decision will be felt well beyond the borders of the U.S.

SEC `Capacity Gap' Risks Oversight Lapses as Regulator's Targets Multiply

Monday, March 07, 2011   About 400 employees short

FASB Parent Creates Working Group on Private Company Reporting

Sunday, March 06, 2011   Review adequacy of standards for the private company and nonprofit sectors

Historic moment for private company accounting standards

Friday, February 25, 2011   A new, separate standard-setting board for private companies and modifications to U.S. GAAP recommended

Citi's executive pay giveaway

Thursday, February 24, 2011   Leave it to Citigroup to take Wall Street's money grab to new heights

Deal-Breaker: Fear of the FCPA

Thursday, February 17, 2011   Stepped-up enforcement has corporate buyers wary of doing deals in emerging markets

U.S. Audit Watchdog to Ramp Up Enforcement, New Chairman Says

Monday, February 14, 2011   PCAOB expecting to litigate more cases and bigger cases

Handling of Litigation Contingency Disclosure Facing Greater SEC Scrutiny

Monday, February 14, 2011   Litigation contingency surfacing as a hot topic

Study: Companies up commitment to sustainability

Saturday, February 12, 2011   Improved brand reputation is perceived as the biggest benefit

FASB Concerned with Divergence on Hedge Accounting

Friday, February 11, 2011   Foresees the possibility of increasing divergence from international standards

Global Audit Firm Heads Call for More Regulation

Wednesday, February 09, 2011   They support more competition in the market