FASB's advisory group also cites pension accounting, a ''conceptual framework,'' financial performance reporting, and lease accounting.
FASB offers a more-profit-friendly approach for calculating the tax benefits of stock-option grants.
''Reasonable judgment should have resulted in the same conclusion,'' says one observer about a new FASB staff position, ''without the need for still…
Questionable transactions date back to 1998, the same year that then-CFO Phillip Bennett was named chief executive.
The increase in health-care costs is projected to stay in the single digits next year for companies, but not for their employees.
One observer maintains that in the eyes of the government, "a good way to roll the defendant is to prevent them from even raising a defense."
Luis Mejia has been involved with several major investigations at the commission, including Enron and AOL Time Warner.
The proposed agreement will cost oil giant nearly $600 million; most will be spent on pollution-reduction equipment on seven U.S. refineries.
Instruments that have characteristics of both liability and equity have long been a thorny issue for the board. Separately, the PCAOB outlined next…
A restructuring may require General Motors to assume as much as $11 billion in retirement benefits for union-covered employees who transferred to…