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Tag: accounting

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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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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Carbon credits fueling car emissions

Are Corporate Climate Change Programs Doing Any Good?

Carbon credits fueling car emissions

The broad-based commitment to fighting climate change has become one of the dominant themes in the global business community. But what if all the promises about carbon emissions and breathless reports of progress on climate-related goals ar...

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Cat's Paw and Clawbacks

SEC Unveils Compensation Clawback Rules

Cat's Paw and Clawbacks

The Securities and Exchange Commission has issued its long-awaited rules on clawbacks for executive bonuses based on mistakes in financial reporting. Long-awaited by everyone except corporate executives, of course. The SEC first proposed ru...

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Cryptocurrencies fair value accounting.

FASB (Finally) Backs Fair-Value Accounting for Cryptocurrency Assets

Cryptocurrencies fair value accounting.

Cryptocurrency enthusiasts don’t exactly seem like rule-following types. In fact, defying convention likely makes up much of crypto’s appeal for many digital-token owners. Pesky things like accounting standards probably don’t even show up o...

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