Financial Statement Analysis
ESMA proposes a European Single Electronic Format (ESEF) for regulatory filings. ESEF is needed, but doesn’t go far enough. Can’t financial reports be in one place online and accessible by all?
Time will tell if the auditor’s report can build a similar expectation with investors after decades of reporting uninformative, stale information.
From the Toshiba accounting scandal to the Labor Department’s controversial fiduciary rule proposal, 2015 has been an eventful year for capital markets.
What are investors’ three main concerns regarding private company reporting?
The International Accounting Standards Board needs investor input on what it should work on to improve financial information for users of financial statements (i.e., investors).
Disclosures continue to leave investors in the dark, audit study shows.
Structured data could produce a virtuous circle for all stakeholders and lead to more efficient, transparent capital markets. But there are challenges.
Its governance structure looked good on paper, but we know now that Toshiba ineffectively monitored its reporting. How can this be avoided?
Structured data increases efficiency, transparency, comparability, and timeliness in the delivery of financial information.
Should a firm’s outgoing CFO head its audit committee, or should there be a minimal cooling-off period?
The public has until 14 September to comment on initial rules issued by the newly formed Center for Data Quality.
The just-issued Public Company Accounting Oversight Board plan takes incremental steps to larger objective — transparency for investors.
Vincent Papa, CFA, offers insights on a European Commission report and an international panel’s review on IFRS suitability.
Findings in a recently published academic research paper align with our member survey results, and support IASB and FASB proposals to update their lease accounting standards.
Now that standard setters know what investors want in their financial reports, can they make them truly less complex?