Views on improving the integrity of global capital markets

Sandy Peters, CPA, CFA

35 Posts

Biography

Sandy Peters, CFA, is head of financial reporting policy and serves as spokesperson for CFA Institute to key financial reporting standard setters including the IASB, FASB, and the US Securities and Exchange Commission. She holds the Certified Public Accountant (CPA) designation.

Author's Posts
Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

We encourage investors to “look under the hood” at the results — not for their predictive ability this quarter per se but rather for the ability of a company’s forward-looking statements to be evaluated and to make their own assessments of future prospects. Until there is a vaccine, company results and outlook will likely be filled with uncertainty, and these interim results can provide insight into the impact of the pandemic and how the business may respond in the future as the pandemic ebbs and flows over the next few years.

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

Due to the impact of COVID-19 on how companies are reporting during the second quarter/half year, investors likely need to perform their own going concern analysis.

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations: Cash Is Not Just King, It Is Everything

As we noted in our introductory post on July 14, as the earnings season commences this week, we will undertake a series of posts over the next two weeks on issues we believe are important for… READ MORE ›

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

The second quarter, ending June 30, will result in US companies providing investors with the first look at the actual impact of COVID-19 on US public companies; and globally, companies will release their half-yearly results for the first time since the global surge in the pandemic.

ESG Disclosure Standards: Begin With Financially Value Relevant, Layer Other Objectives

Last week, US Securities and Exchange Commission (SEC) Chair Jay Clayton spoke on a webcast sponsored by FCLTGlobal. He discussed his views on environmental, social, and governance (ESG) disclosures and the SEC’s responsibilities to investors —… READ MORE ›

Berkshire’s Bottom Line More Relevant Than Ever Before, The Rest of The Story

Buffett's sale of airline stocks validates FASB’S new accounting for equity securities.

First Quarter 2020 Amid COVID-19: Big Banks Report

Despite the best efforts of Congress, the big banks retained the new impairment model, the Cumulative Expected Credit Loss (CECL) model. CECL survives politics and is the story of first-quarter earnings.

First Quarter 2020 Amid COVID-19 Outbreak: US Quarterly vs. Global Half-Yearly Reporting

US quarterly reporting obligation will provide global investors with decision-useful information on impacts of COVID-19.

First Quarter 2020 Amid COVID-19: Non-GAAP Measures

COVID-19 may result in new Non-GAAP measures. Here's what investors need to know.

First Quarter 2020 Reporting

Will US companies report? Can US companies report? Does quarterly reporting present a unique challenge for US public companies?

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IFRS: Relevant Financial Reporting

CFA Institute and the IFRS Foundation held a joint stakeholder event last evening as part of the IFRS Trustees meeting in New York. Bob Pozen spoke and WSJ’s Jason Zweig moderated a… READ MORE ›

New Leasing Standard: Top Ten Considerations For Investors

At long last, a company’s lease obligations – formerly buried in the back of the footnotes of the financial statements – are moving front and center onto the balance sheet

Berkshire’s Bottom Line: More Relevant Than Ever Before

Thanks to new accounting standards, investors now have a more prominent and transparent display of the economics of the risks associated with the underlying investments.

The Audit Gender Gap: Who Audits the Companies You Invest In?

The findings in "New Public Company Auditor Disclosures: Who Audits the Company You Invest In? How Long Have They Been the Auditor," were compelling, particularly on gender diversity.

Investors to the Financial Accounting Standards Board: Segment Disclosures Need Improving

Segment reporting information is critical to investors. Despite the US GAAP standard on segment reporting being over 20 years old, the disclosures it produces remain challenging for investors who use the information and regulators who enforce the guidance. Recent… READ MORE ›