…Eye of newt, and toe of frog, Wool of bat, and tongue of dog, Adder’s fork, and blind-worm’s sting, Lizard’s leg, and owlet’s wing …
If you have read my blog every now and then, it won’t come as a surprise that this smorgasbord from Macbeth would recall for me a number of accounting topics comprising U.S. GAAP. More on that — as Shakespeare might say — anon.
This is the third installment in a series (first, second) of posts in response to Russell Golden’s recent informal and wide-ranging comments on the “foundational issues” he would like to resolve during his term as FASB chair. Since the FASB has not published the text of Mr. Golden’s remarks, I continue to rely on a Journal of Accountancy article as my sole source for information. Below is what JofA reported about Mr. Golden’s plans for disclosure reform:
“Under current requirements, there may be too many [Read More...]