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If the plans of the Financial Accounting Standards Board come to fruition, 2007 will represent a historic year in international accounting - a giant leap forward in global financial efficiency.It was just four years ago that FASB and the International Accounting Standards Board decided to get serious about their efforts to converge U.S. and international standards. They planned to move ahead on two fronts: one toward the short-term convergence of relatively simple issues, the other toward convergence of issues that were either relatively complex or controversial.
February 12 -
A ballooning number of corruption scandals at non-profits may result in more NFPs adopting tighter policies and procedures according to global CPA and business advisory firm Grant Thornton.
February 12 -
There is this guy I see on the train Monday to Friday going to work. He must weigh at least 450 pounds, give or take a kilo. Where do you think he works? No, change that, what kind of store do you think he owns? You’re right. It’s a sandwich/pastry shop.Now plunking a fellow like that down into handling food all day doesn’t seem very rational but let’s look at it from the other end of the telescope. I haven’t decided yet what this has to do with financial planning but it certainly will have something to do with wealth accumulation. Besides, my wife tells me my columns are getting boring because they’re all about the same subjects: financial planning, estate planning, retirement planning. Sorry, that’s what I do.
February 9 -
Companies don’t believe broad-based tax reform is coming anytime soon, though they do think that the change of control in Congress will have a significant impact on tax policy, according to a survey conducted by a Washington law firm.
February 9 -
William H. Donaldson, who co-founded the investment bank Donaldson, Lufkin & Jenrette and later became chairman of the Securities and Exchange Commission, has joined Perella Weinberg Partners as chairman of its advisory council, the firm announced yesterday.
February 9 -
A jury in Cobb County, Ga., has levied a $10 million judgment against PricewaterhouseCoopers, finding that the firm was guilty of negligent misrepresentation during the 1996 merger of nursing-home companies Convalescent Services and Mariner Health Group.
February 8 -
A provision in the president's budget proposals could shelter 529 college-savings plans from being counted in determining federal student financial aid.
February 8 -
The Public Company Accounting Oversight Board announced that it its Standing Advisory Group will meet on Feb. 22 in Washington.
February 8 -
Grant Thornton LLP announced it will take a new approach in serving private equity firms and their portfolio companies.
February 7 -
KPMG said that it would miss the upcoming Feb. 16 target to complete a long-overdue audit of San Diego's 2003 financial statements.
February 7