Views on improving the integrity of global capital markets

Financial Reporting


Can Blockchain Technology Help with The Production of Financial Reporting Information?

A recent CFA Institute report discusses what a blockchain is and answers the question posed in the article title, Can Blockchain Technology Help with The Production of Financial Reporting Information?

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

We encourage investors to “look under the hood” at the results — not for their predictive ability this quarter per se but rather for the ability of a company’s forward-looking statements to be evaluated and to make their own assessments of future prospects. Until there is a vaccine, company results and outlook will likely be filled with uncertainty, and these interim results can provide insight into the impact of the pandemic and how the business may respond in the future as the pandemic ebbs and flows over the next few years.

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

Due to the impact of COVID-19 on how companies are reporting during the second quarter/half year, investors likely need to perform their own going concern analysis.

Second Quarter 2020 Amid COVID-19: Investor and Audit Committee Considerations

The second quarter, ending June 30, will result in US companies providing investors with the first look at the actual impact of COVID-19 on US public companies; and globally, companies will release their half-yearly results for the first time since the global surge in the pandemic.

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.

ESMA: The Increasing Importance of ESG Disclosures

Given the increased importance of company ESG disclosures, ESMA increased their enforcement activities on nonfinancial information in 2019.

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.

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.

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.



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