Views on improving the integrity of global capital markets

Mohini Singh, ACA

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78 Posts

Biography

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.

Author's Posts
Accounting for Agricultural Assets: to Fair Value or Not to Fair Value

A recent IASB proposal suggests removing the requirement to measure certain biological assets at fair value, which would provide a major disservice to investors.

Private Company Financial Reporting: Need for Clear Definition of Private Company

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: Private Company Financial Reporting Needs a Rethink

SEC Chief Accountant Paul Beswick questions simplifying reporting requirements for entities on the basis of ownership structure.

Need for Greater Transparency in Financial Reporting by European Financial Institutions

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: Time for Review of Corporate Financial Reporting Disclosures

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.

Will Private Company Financial Reporting Add Complexity for Investors, Public Companies?

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.

More Transparent Financial Reporting Disclosures Needed to Boost Investor Trust

CFA Institute report recommends how to improve the effectiveness of financial reporting for investors.

Corporate Financial Reporting: The Price to Pay for Investor Skepticism

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.

Financial Reporting Disclosure Reform: Need for Investor Input

Currently there are initiatives underway to create an overarching framework to improve financial statement disclosures. The “disclosure framework” is intended to help enable companies communicate more effectively with investors, eliminate redundancy, and move away from what some assert has become a compliance exercise.

Separate Private Company Financial Reporting: A Word of Caution

FASB recently initiated a project to create separate private company accounting standards. Meanwhile the PCC — formed to advise FASB on private company standards — is charged with identifying areas within existing GAAP to adjust reporting requirements for private companies.

Private Company Financial Reporting: FASB Marches on Without Defining Private Companies or Deciding How They Are Different

On 12 February, the Financial Accounting Standards Board’s (FASB) Private Company Council (PCC) voted to add three projects to its formal agenda to consider how accounting in three topical areas should be differentiated for private companies.

Optional Use of IFRS and Private Company Standards: Both Reduce Comparability in U.S. Financial Reporting

Last week, Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), made the case for the U.S. Securities and Exchange Commission (SEC) to allow the optional use of International Financial Reporting Standards (IFRS) by U.S. publicly listed companies.

Unfinished Work: Accounting Guidance for Investment Properties

In October 2011 the Financial Accounting Standards Board (FASB) issued proposed guidance on how to value investment properties. But instead of providing guidance on how to measure investment properties held by any entity, the FASB created a new type of entity — the so-called “investment property entity” (IPE).

Financial Statement Disclosures: Standard Setter, Regulator, and Investor Perspectives

CFA Institute recently held a webinar, “Financial Statement Disclosures: Standard Setter, Regulator, and Investor Perspectives,” to discuss the Financial Accounting Standards Board (FASB) and European Financial Reporting Advisory Group (EFRAG) proposals for developing a disclosure framework and improving financial disclosures.

Investment Property “Entities” — Seriously? Measure All Real Estate Investments at Fair Value

Mohini Singh, ACA, examines why fair value is the most relevant measurement basis for all real estate properties — not just investment properties, as proposed by FASB.



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