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Results for iasb. Search took 0.48 seconds.
New fair value rule to face test
in Sox First, on November 16, 2009
..., claiming that it resulted in the market meltdown. As if it had nothing to do with them. Read the IASB standard carefully and you will see that it will make disclosures a lot more complex and longer...
Lease accounting trouble looms
in Sox First, on August 16, 2009
Of all the issues and scandals in the accounting world, none are likely to be as big as lease accounting. The fallout from lease accounting will make the issues over fair value look like a picnic. The International Accounting Standards Board and the Financial Accounting Standards Board now ...
The next accounting battle
in Sox First, on May 3, 2009
If you thought fair value was an almighty bun fight, you ain't seen nothing yet. The International Accounting Standards Board is tackling off balance sheet vehicles that have destroyed so much wealth and the Financial Accounting Standards Board plans to put out new rules for the United S...
Squeezing accounting independence
in Sox First, on March 19, 2009
...unting Standards Board to change the rules and let the banks hide their losses. The trouble is the IASB has already compromised its independence and could very well cave in again. If that happens, ac...
Interview with Warren McGregor, IASB board member
in Sox First, on March 11, 2009
...the International Accounting Standards Board . Here is the interview. SOX FIRST: Last year, the IASB got rolled by the Europeans and was forced to change the rules to help banks avoid taking a hit...
G20 undermines accounting independence
in Sox First, on November 18, 2008
... promote financial stability, reports Accountancy Age . That's a totally different role to the IASB's function until now which has been to promote transparency. And that raises serious questi...
Revised fair value rule fudges the books
in Sox First, on November 17, 2008
Earlier this month, I did a blog entry looking at how accounting regulators were bending over backwards to protect banks. By throwing them a lifeline, they have completely ignored the interests of shareholders who are screaming out for transparency. Now CFO.com reports that Moody's has ...
IASB chief Sir David Tweedie nearly resigned
in Sox First, on November 14, 2008
... banks to reclassify assets, basically turning an out and out loss into a reported profit. Now the IASB seems to be coming out and saying they're doing it tough with the chairman Sir David Tw...
IASB under fire
in Sox First, on June 25, 2008
...his month, BP chief accountant Michael Starkie wrote a letter to the Financial Times saying the IASB was simply not up to it. "The International Accounting Standards Board continues to dev...
Blame subprime on the banks: accounting rule-maker
in Sox First, on May 26, 2008
... there is some fallback. SOX FIRST: People are concerned about the quality of disclosure and the IASB is looking at this right now. What's wrong with the level of disclosure now? GARNETT: Th...
Banks play the accounting shell game
in Sox First, on May 20, 2008
Alarming news that banks and securities firms are hiding $35 billion of writedowns. Instead of putting this stuff on their income statements, where it will hit the bottom line, they are leaving it on their balance sheets. The list includes Citigroup, ING and Merrill Lynch. What that means is ...
Calling all lease experts
in Sox First, on July 23, 2006
... financial accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are now seeking nominations of candidates to participate in a working group to help look at ...
Lease for change
in Sox First, on July 20, 2006
... Accounting Standards Board (FASB)and the London-based International Accounting Standards Board (IASB) have agreed to revamp the rules for leases. And the flow-on effect could be immense. Some an...
Accounting at the cross-roads
in Sox First, on June 13, 2006
Last week, I interviewed Michael Crooch from the financial accounting Standards Board. During our conversation over coffee, he revealed how much Sarbanes-Oxley had transformed the accounting scene and conceded that it provided no rock-solid guarantees against another massive fraud. A fo...