Unfunded pension liabilities will begin appearing on the balance sheets of US state and local governments that provide defined benefit pensions under provisions of two standards approved by the US Governmental Accounting Standards Board (GASB).
A rule approved by the US Securities and Exchange Commission directs national securities exchanges to implement listing standards for public company boards of directors and compensation advisers. The rule, required by the Dodd-Frank Act, addresses the independence of compensation committee members and advisers.
Accounting standard setters agreed Wednesday on a lessee accounting approach, setting the stage for a lease accounting exposure draft in the fourth quarter this year.
FASB and the International Accounting Standards Board (IASB) have narrowed their focus in anticipation of a vote next month on a lessee accounting model in their joint convergence project on leases.
The US Financial Accounting Foundation (FAF) voted to create a Private Company Council (PCC) to identify and vote on differences in US GAAP for private companies.
CFOs doing business with Bank of America’s commercial lending arm have become more optimistic about the US economy and their companies’ futures. But their optimism is limited by a host of concerns.
Midsize U.S. companies, which generate about 40% of U.S. GDP, have become less optimistic about the economy. This sentiment is reflected in their hiring and expansion plans and their plans to invest in technology.
Investors in a group of about 35 stakeholders taking part in a Center for Audit Quality (CAQ) workshop on the evolving role of the auditor said they are placing a significant focus on non-GAAP disclosures when evaluating their investment decisions.
Accountants and other finance professionals are increasingly taking on more strategic and risk-management responsibilities, particularly when it comes to mergers and acquisitions. Find out what skills you should learn for the new M&A landscape.
Efforts to get accountants more fully engaged with clients have found limited success with small businesses in the United States and Canada, a new survey shows.
The US labour market has been warming up in recent months. Will the trend continue in April? Several jobs reports due out in the coming week will provide insight into the US employment situation.
The SEC’s pending decision on whether to adopt IFRS for U.S. public issuers and what effect that decision could have on whether other major economies adopt them as well was a key topic of discussion with prominent panelists Sir David Tweedie, Bob Herz, and Paul Cherry in New York City.
Last spring, when he was chairman of the International Accounting Standards Board (IASB), Sir David Tweedie made a case for principles-based accounting standards.
North Carolina State University brings large and small companies together to talk about the enterprise risk-management programmes that fit their corporate cultures.
CGMAs have become a little more confident about current global economic conditions, according to the inaugural CGMA Global Economic Outlook Index, a new quarterly snapshot of AICPA and CIMA members.
As a CFO, would you like to know how your peers feel about IFRS or what parts of the finance and accounting functions they outsource? “Benchmarking the Finance Function 2012”, a recently released research report, has some answers.
A mandatory request-for-proposal concept and a financial statement insurance model were among the alternatives to mandatory audit firm rotation proposed during the second of two days of hearings in Washington on enhancing the independence and professional scepticism of auditors.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Farha-Joyce Haboucha, managing director and director for Socially Responsive Investments, Rockefeller & Co.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Jeremy Osborn, ACMA, CGMA, former project manager, International Integrated Reporting Council.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Richard Scurr, head of group finance operations, HSBC.
