Vincent Papa, PhD, CPA, CFA, is director of financial reporting policy at CFA Institute. He is responsible for representing the interests of CFA Institute on financial reporting proposals before the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB). He is a member of the IFRS advisory council and ESMA Corporate Reporting Standing Committee, and a former member of the Financial Stability Board Enhanced Disclosure Task Force.
Revised revenue recognition rules go into effect in 2018, but there is still uncertainty about the effects on companies reporting and investors will have to figure out company-specific implications.
Investors should consider ESG factors in their investment decision-making process, but companies’ disclosures need to be improved so investors can find useful and relevant information.
Increasingly, auditors are expected to have a bigger and more effective role in ensuring the integrity of a wider array of company reported information that is material to investment decision making.
Environment, social, and governance measures and non-GAAP financial measures are important to add to traditional financial statement information when analyzing a company’s value.
Revised guidance on recognizing revenue from long-term contracts goes into effect in 2018. Now is the time to prepare for the potentially significant impact of the changes.
Revised accounting guidance is now available under US GAAP and IFRS for analyzing and comparing the credit risk of banks. The question is whether the new models will actually help investors.
Watch the Financial Reporting Council’s Jennifer Walmsley discuss with Vincent Papa, PhD, CPA, CFA, the focus of the council’s engagement with investors in the next 12 months.
Watch FEE’s Hilde Blomme and Mark Vaessen highlight key elements of their discussion paper proposals on corporate reporting reforms. Then share your views about them with the FEE before 30 June.
Our study, “Watching the Top Line: Areas for Investor Scrutiny on Revenue Recognition Changes,” will help investors know what warrants closer analysis.
Vincent Papa, CFA, offers insights on a European Commission report and an international panel’s review on IFRS suitability.
Findings in a recently published academic research paper align with our member survey results, and support IASB and FASB proposals to update their lease accounting standards.
With banks’ earnings season in full swing and the looming threat of rising interest rates, a critical question remains: How effectively are investors monitoring bank performance and risk?
Initial assessment of results confirms that EU bank balance sheets were overvalued in recent years because of delayed loan write-downs.
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