Accounting standards for private enterprises in Canada finalized
Differing treatment of financial instruments in Canada and the U.S. will put banks in a delicate situation
Increased transparency would benefit financial statement users
Principles recognize that fair value is not effective when markets become dislocated or are illiquid
The U.S. Securities and Exchange Commission Monday appointed a new acting chairman for the Public Company Accounting Oversight Board.Effective August 1, Daniel Goelzer, a founding and current member of the PCAOB board, will become acting chairman. The PCAOB, which is subject to oversight by the commission, was created by the Sarbanes-Oxley Act of 2002 and […]
New standards place Canada on the same playing field as more than 100 other countries when it comes to audits of financial statements
Top-performing firms have up-to-date systems and solid support that advisors find very useful
The Financial Accounting Standards Board issued Friday two new accounting standards designed to address weaknesses in accounting and disclosure standards for off-balance sheet vehicles.FASB says that the new standards will impact financial institution balance sheets beginning in 2010. As a result of one of the new standards, more information will be required about transfers of […]
The chairman of the Public Company Accounting Oversight Board, the U.S. auditing oversight body, has stepped down, the PCAOB said Tuesday.Mark Olson is leaving his post effective July 31. He was named chairman in July 2006. Prior to joining the PCAOB, Olson served on the board of governors of the Federal Reserve.The PCAOB was established […]
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