FASB struggles with changes that would make private company financial reporting easier – but only if the company remains private.
And the amount of tax data companies report changes in response.
New to the job, James Schnurr suggests that a U.S. switch to global accounting rules is still not out of the question.
Previously frowned upon, the use of non-GAAP metrics is booming among IPOs.
The resignation will cost American Realty Capital's Brian S. Block approximately $35 million in compensation.
The tradeoff? Whistleblower involvement contributes significantly to longer total duration of an enforcement action, by an average of almost 10…
“The work of the audit committee could be more transparent, and the evaluation of the auditor’s work could be more specific," says one former CFO.
Despite previous IRS statements, agents are combing corporate reporting of uncertain tax positions to grab more revenue.
FASB and the IASB back away from the goal of a single global accounting language.
The significant changes in revenue recognition include ones that need to be made in accounting for performance bonuses and licenses.