The bad news: the world is becoming a riskier place for business. The good news: political risk can be managed.
FASB struggles with changes that would make private company financial reporting easier – but only if the company remains private.
Accounting standard setters may push back the effective date of new revenue recognition rules, says a FASB assistant director.
Continued outflows from mutual funds and a slowdown in CLO issuance could pose a problem for issuers in 2015.
Auditor independence violations can spawn significant costs, distract management and limit a company’s access to the capital markets
And the amount of tax data companies report changes in response.
The Financial Stability Board wants systemically important banks to hold capital equal to as much as 20% of risk-weighted assets.
The volume of calls to the whistleblower hotline merely scratches the surface when it comes to gauging how successful a compliance program is.
PwC helped multinational companies obtain at least 548 tax rulings in Luxembourg from 2002 to 2010, according to papers obtained by the ICIJ.
But a major sticking point might be whether extenders like the R&E tax credit and bonus depreciation should be permanent.