Views on improving the integrity of global capital markets


XBRL Resources to Whet Investor Appetites

XBRL Challenge winners build inventive and useful applications leveraging XBRL-formatted data to provide investors with better information for investment decisions.

A New Year’s Resolution for Accounting Standard Setters: Real Progress on Addressing Investor Needs

As New Year’s resolutions are contemplated around the world, we have one suggestion for the accounting standard setters — let this not be a year of moving one step forward and then two steps back when it… READ MORE ›

Financial Disclosure Framework: Devil Is in the Disclosure

Developing a framework for disclosure has been a popular topic lately. There are many efforts underway around the world — by the Financial Accounting Standards Board (FASB), the European Financial Reporting Advisory Group (EFRAG), the United Kingdom Financial Reporting… READ MORE ›

The Current State of Financial Instrument Accounting and Reporting: Why Should Investors Care?

On 20 September, CFA Institute conducted a webcast on “The Current State of Accounting and Reporting for Financial Instruments.” Aimed at providing an investor-focused overview of FASB and IASB projects on financial instrument accounting, the discussion comes… READ MORE ›

CFA Institute Weighs in: Premature to Choose Method of Incorporating IFRS into U.S. Financial Reporting System

As part of the decade-long convergence debate, the.SEC recently offered a hybrid approach as a possible method of incorporating IFRS into the U.S. financial reporting regime.    
This approach, colloquially referred to as “condorsement” (as… READ MORE ›

CFA Institute Meets with FASB

CFA Institute along with its advisory committee, the Corporate Disclosure Policy Council (CDPC), recently held its annual meeting with the Financial Accounting Standards Board (FASB), available by audio webcast.
The 11 February meeting was… READ MORE ›

Financial Reporting: Convergence Debate Is Going Condo

As if financial reporting rules were not already sufficiently technical, the U.S. SEC is making up new lingo to sell the idea of having a single accounting language in the U.S.
Currently, the average analyst and… READ MORE ›

The End to Misleading 105s

One of the most worrisome items to emerge from the 2008 financial market wreckage was the realization that Lehman Brothers had deliberately used accounting gimmicks to hide tens of billions of dollars of leverage from… READ MORE ›

What is a Loan Worth?

We are in the midst of one of the most acrimonious debates over accounting rules in decades. What is at stake is whether banks will have to value their loan portfolios and report the results… READ MORE ›