Views on improving the integrity of global capital markets

Financial Reporting


Big Data: Ideal for Financial Reporting and for Tracking Covid-19 Impact

For regulators to efficiently handle extremely large data sets, it will be easier with the imminent release of xBRL-CSV. An example from Spanish bank BBVA shows the value of this approach.

E-Signatures for Audit Reports in India Are Allowed — Should Be Required

Electronic signatures on audit reports should not just be permitted but, indeed, be required. Introducing e-signatures is a useful step toward increasing the digital usability and security of reports.

Like Financial Reporting, COVID-19 Needs Structured Data

reating the data using Inline XBRL would make it much easier for various parties to access, analyze, and reuse such information to improve pandemic management — just as it improves financial reporting.

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.

Accelerated Filer Amendments Weaken Investor Protections

CFA Institute supports preserving the previous accelerated filer definition. The new one weakens investor protections.

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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Accounting Requires Standards, Not Accommodation

Financial reporting trying to achieve ‘neutrality’ and ‘prudence’ distorts reality and is helpful to no one.

Changes to accounting rules can move markets: Use structured data to inform policy decisions

A new comment letter from CFA Institute to the Financial Accounting Standards Board (FASB) demonstrates the value of using structured data to inform debate and support policy decisions.

LIBOR: Like I Better Obtain (a) Replacement

The financial world doesn't seem to have a replacement for LIBOR ready.

The Push to Revisit Goodwill Accounting

Recent business failures in the United Kingdom and the related media attention again have raised the question of audit quality.

Private vs. Public Company Accounting: Concerns About Back-Door Agenda Setting Are Valid

CFA Institute has long supported and advocated for one set of high-quality financial reporting standards for both public and private companies.

Sustainable Value for Money: How to reconnect finance with the needs of society

A few weeks ago, the new European Commission, led by Ursula von der Leyen, rolled out its first package of measures, called the European Green Deal.

An Electronic Access Point for the European Single Electronic Format Is Much Needed

CFA Institute has supported the European Securities and Markets Authority’s (ESMA) efforts to establish a European Single Electronic Format (ESEF).



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