Views on improving the integrity of global capital markets

Accounting


CFA Institute Forms Working Group to Address Performance Calculations of Private Funds

CFA Institute forms working group to draft guidance on calculating private fund performance. 

FASB Exposure Draft on Disaggregation of Income Statement Expense: A Glass Half Empty

While the FASB's proposed partial disaggregation would be helpful to investors, we are discouraged by its limited scope after waiting so many years.

SPAC Audits: SEC Fines Marcum for Quality Control Deficiencies

PCAOB audit partner transparency data provided a leading indicator of audit quality issues.

The First Republic Takeover: What Happened?

First Republic’s investment of its significant uninsured deposits in jumbo loans left it illiquid in a rising interest rate environment.

Wirecard Scandal Spurs European Commission Consult to Enhance the Quality and Reliability of Corporate Reporting in Europe

The implosion of Germany’s Wirecard has demonstrated that those parties – management, the audit committee and board, auditors, audit regulators, and corporate reporting regulators – investors compensate and rely upon to look after their capital investments failed them on multiple levels in the European Union’s (EU’s) largest economy.

CFA Institute Supports Intent of Sustainability Standard Setters to Work Together

CFA Institute supports the alignment among the leading sustainability and integrated reporting organizations—SASB, GRI, IIRC, CDSB and CDP— in advancing a sustainability standards discussion.

CFO Article on Buffett Garners Comment from Prominent Investor. We Argue Mr. Graham’s View is Minority Among Investment Professionals

Our outreach and investor engagement tells us this accounting – a position we have had for over thirty years – is preferred by investors as it more prominently and transparently displays investment market risks. If an investor does not prefer this accounting, they can easily adjust to remove these unrealized gains or losses – having been fully informed by this more prominent presentation.

Indian MCA Proposes Audit Reform to Improve Quality

In a market like India, where corporate governance concerns are top of mind for investors, the role of auditors in providing assurance to investors is critical.

Audit Quality Indicators: An Integral Part of Transparency

CFA Institute recently responded to
the Public Company Accounting Oversight Board’s (PCAOB) Concept Release, Potential Approach to Revisions to
PCAOB Quality Control (QC) Standards.

Regarding communication, the
Concept Release says, 

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.

COVID-19 May Permanently Quarantine Inflexible Leases

The previous minority view to treat real estate leases as operational leverage now has technology and macroeconomic changes on its side.



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