Mohini Singh is director of financial reporting policy at CFA Institute. She represents membership interests regarding financial reporting and disclosure proposals issued by the FASB, the IASB, and others. Singh holds the Associate Chartered Accountant (ACA) designation.
CFA Institute supports financial statement presentation reforms but is concerned that proposed updates primarily reflect preparer sentiments.
Efforts to streamline corporate disclosures should focus on effectiveness rather than just eliminating redundancy.
The IASB recently issued a discussion paper that proposes introducing a new section on presentation and disclosure into the conceptual framework for financial reporting.
Standard setters should continue to build relationships with different types of investors, with organizations such as CFA Institute helping to fill the void.
The FASB and PCC recently issued a guide intended to help determine whether and when to provide alternative financial reporting requirements for private companies. How are private companies different, and does this justify different treatment?
A recent IASB proposal suggests removing the requirement to measure certain biological assets at fair value, which would provide a major disservice to investors.
In August, after considering how accounting in four areas (including goodwill) should be differentiated for private companies, the FASB finally issued a proposed accounting standards update that provides a single definition of a public business entity.
SEC Chief Accountant Paul Beswick questions simplifying reporting requirements for entities on the basis of ownership structure.
New report analyzing the accounting practices of European financial institutions during and after the financial crisis makes case for greater transparency to restore investor confidence.
SEC Chair Mary Jo White appears to point to “information overload” as key source of disclosure ineffectiveness; however, a recent CFA Institute report shows investors care more about the quality of disclosures.
The Financial Accounting Standards Board (FASB) has a project to create separate private company accounting standards, based on the theory that private companies have unique characteristics that require different financial reporting requirements than public companies.
A recent report from the Association of Chartered Certified Accountants illustrates the critical relationship between transparency in financial reporting and investors’ trust — and the potential ramifications for investment activity.
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