Financial reporting

Moss Adams CEO Rick Anderson has written to Treasury Secretary Timothy Geithner urging him and other world financial leaders at the G-20 meeting next week to act more quickly on global accounting and corporate governance issues.

[IMGCAP(1)] Adam Wolf isthe type of guy you’d want to bring along to a networking event or have as aguest at a dinner party. He’s got a plethora of stories to tell, is a fast (andsmooth) talker, and naturally knows how to bring people who would benefit fromeach other together.

Eighty-nine percent of financial executives view mandatory conversion to International Financial Reporting Standards to be either highly likely or somewhat likely in the U.S., according to a new survey by Deloitte.

The American Bankers Association has written to Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke asking them to raise accounting issues at the upcoming G-20 meeting in Pittsburgh in order to curb efforts by standard-setters to expand mark-to-market accounting to loans and debt instruments.

The International Accounting Standards Board’s oversight body has proposed a series of changes aimed at providing better governance of the standard-setter, including renaming the organization the International Financial Reporting Standards Board.

The Center for Audit Quality has created a free online Guide to International Financial Standards to educate people about the uncertain state of the IFRS roadmap.

If you haven’t heard of the social bookmarking site, Delicious, you may be living in a cave.

The Financial Accounting Standards Board has published implementation guidance on accounting for uncertainty in income taxes and disclosure amendments for nonpublic entities.

Accounting firm Crowe Horwath is responding to the wave of companies filing for Chapter 11 bankruptcy protection with a set of services to help them navigate the reorganization process.

The Securities and Exchange Commission is distributing more than $35 million to over 98,000 investors who were harmed by accounting fraud at Cardinal Health.

IMGCAP(1)] As I spend time with CPA firms and learn about their approaches to developing their talent, exceptional programs rise to the top. One program that comes to mind is WIN@CG, Clifton Gunderson’s women’s initiative. This award-winning, results-oriented platform is worthy of emulation.

The Basel Committee on Banking Supervision, an influential group of international banking regulators, has released a set of guiding principles to help the International Accounting Standards Board set new standards for financial instruments to deal with the aftermath of the financial crisis.

The economy has left many people, and the nonprofit organizations they rely on, in crisis. As a result, community service is more critical than ever.

In response to the global financial crisis, the International Accounting Standards Board has published a set of proposals to amend the discount rate for measuring employee benefits.

CFOs and senior-level accountants anticipate spending more of their time five years from now on non-accounting functions, according to a new survey.

IMGCAP(1)] I recently read an article challenging the reader to sum up one’s leadership in six words. I decided to apply this same challenge in describing my experience at the AICPA Leadership Academy. My six words: Amazing professionals. Thought provoking. Life changing.

The American Bankers Association has released a letter and white paper raising concerns over the process taken by the Financial Accounting Standards Board and the International Accounting Standards Board in their financial instruments projects.

IMGCAP(1)]The Financial Accounting Standards Board took plenty of heat in April for loosening mark-to-market guidelines, a move that critics assailed as a gift to the financial industry and a nod to political pressures.

The Financial Accounting Standards Board plans to draft proposed updates to fair value accounting standards with new disclosure requirements.

IMGCAP(1)] All too often, professional leadership seminars fail to live up to their potential for lively, intellectually engaging discussions about current issues and those on the forefront. I recently returned from the AICPA’s Inaugural Leadership Academy in Chicago where 28 young CPAs discussed topics affecting accountants everywhere.