Obama Speaks on Accounting

In a report issued Wednesday, June 17, the Obama administration touched on its vision for regulation of financial reporting in the U.S.  Not yet possessing statutory authority, Financial Regulatory Reform is more a statement of strategy and intention with respect to regulation of banks and all matters related to financial markets in the U.S.
It has [...]

Read Full Post »

IASB Could Lose European Standard Setting Role

I don’t know how much credibility to attach to the following reports from the UK’s GAAPweb.
The first, dated Monday, June 8, claims that sources close to EU politicians are suggesting that the EU have its own standard setting body.  The second, has a brief recap of a meeting between Tweedie and Council of the EU, [...]

Read Full Post »

Thoughts About Candidates For Chief Accountant

I’ve done a little research on the final candidates for Chief Accountant at the SEC.  Tom Selling of the Accounting Onion has handicapped the candidates in yesterday’s post, Handicapping the Chief Accountant Contest.  It is worth a look.  I lack enough inside contacts to be able to offer an opinion as to each candidate’s chances. [...]

Read Full Post »

Who Is the Chief Accountant?

It has taken an extremely long time for SEC Chair Mary Schapiro to decide on a Chief Accountant.  It is rumored that she is about to name her choice.   It has been passed along to me by a trusted source that the short list of candidates for SEC Chief Accountant includes:

Jane B. Adams, a [...]

Read Full Post »