Views on improving the integrity of global capital markets

FASB


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.

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.

Sliding Down the Slippery Slope: Simplified Standards for Small Public Companies?

The reasons behind possibly extending account alternatives to public companies are different from when those alternatives were extended to private companies, and they are not the right reasons.

Investors Top-Line Watch: Navigating Long-Term Contracts Revenue Recognition Maze

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.

Analyzing Banks’ Credit Risk: Expectations for New Accounting Guidance

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.

Materiality: Investor Concerns

FASB proposal concerns investors. Is too much gray area lost in shifting the threshold from not disclosing items that are clearly immaterial to only disclosing items that are clearly material?

SEC Investor Advisory Group to FASB: Materiality Is Material

In a strongly worded letter to the Financial Accounting Standards Board (FASB), the Investor Advisory Committee (IAC) at the US Securities and Exchange Commission objected to the Board’s proposals to “clarify” materiality, saying it would make matters worse for investors.

Study First to Give Investor Views on Complexity in Corporate Financial Reporting

Now that standard setters know what investors want in their financial reports, can they make them truly less complex?

Forward-Looking Information in Financial Disclosures — Necessary to Disclosure Effectiveness

Sandra Peters, CPA, CFA, offers investor perspective in debate over forward-looking information in companies’ financial disclosures.

FASB’s Proposed Disclosure Framework Needs Shoring Up

CFA Institute supports FASB’s goal of an overarching disclosure framework, but thinks more consideration of its presentation is needed to best communicate the concepts it intends to convey.

SEC Disclosure Effectiveness Initiative: Investors Seek Clarity on Forward-Looking Information

Artificial boundaries regarding where to provide additional forward-looking information limits needed improvements to financial reporting information.

New Revenue Recognition Accounting Standard: What Investors Need to Know

New revenue recognition rules will bring sweeping changes to company accounting practices and create a learning curve for investors.

What Has the Financial Crisis Taught Us about Bank Performance Reporting?

The financial crisis provided a watershed moment for enhancing the transparency of banks.



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