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Category: Rules & Regs

Horseshoe on a barn wall as a good luck charm

FASB Renews Call for Deeper Disclosures on Income Taxes

Horseshoe on a barn wall as a good luck charm

Is the third time really a charm? That’s the hot question floating around the offices of the Financial Accounting Standards Board in Norwalk, Connecticut, as the group once again pushes for expanding disclosure of corporate income taxes. Th...

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Department of Justice Gets Touchy Over Corporate Enforcement Record

Optical illusion where the viewer may see a line of white columns, a line of black silhouettes of women, or both

In his 2020 book “Numbers Don’t Lie: 71 Things You Need to Know About the World,” Canadian data scientist Vaclav Smil writes: “Numbers may not lie, but individual perceptions of them differ.” In other words, while hard data itself may be in...

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PCAOB Looks to Refresh Quality Control Standard for Accounting Firms

In the sci-fi classic “Terminator 2: Judgment Day,” the film’s heroes find themselves once again on the run from a relentless robotic assassin from the future. In the first sequel to the original “Terminator” film, the new Terminator, dubbe...

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Judge's Gavel Sitting on American Dollar Bills: SEC using fines as deterrence

‘Deterrence’ is the SEC’s New Buzzword

Judge's Gavel Sitting on American Dollar Bills: SEC using fines as deterrence

Securities and Exchange Commission Chair Gary Gensler has made enforcement a well-publicized priority of his tenure. A new point of emphasis, deterrence, has apparently spun off from those efforts to show the business world the financial co...

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Investment Managers Should Brace for Enhanced Proxy Vote Reporting

Investing in mutual funds with a click.

For nearly 20 years, mutual funds have been required to report to the public on the proxy votes they cast at annual shareholder meetings. The Securities and Exchange Commission now wants even more information about those votes. The SEC anno...

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