If you are an AICPA member, you would have recently received an email like this one: "...[The AICPA's] governing Council has authorized an online member ballot on a proposal by the AICPA and The Chartered Institute of Management Accountants (CIMA)…
Shortly after my most recent post on the AICPA's new FRF for SMEs, NASBA issued a press release that was clearly intended to keep the public spat between the two national organizations from escalating: "The AICPA and NASBA are committed…
The AICPA, in its spat with NASBA over its recently released Financial Reporting Framework for SMEs (my very own critique is here), has loudly and often declaimed that the purveyors of GAAP are supportive of their new non-GAAP option. That is,…
Rob Nance of iShade, the online accounting network, recently interviewed me for his own blog. With Rob's permission, I'm repeating (with some minor edits to my responses) his post, below. * * * * * Ever read The Accounting Onion?…
Continuing with my theme of the U.S. GAAP/IFRS convergence misinformation campaign being waged by the Journal of Accountancy, the latest and greatest example is an article from the February edition, "What have IASB and FASB Convergence Efforts Achieved?" that appeared…
In the main, the only reason my wife and I subscribe to magazines and newspapers in hardcopy is because she prefers them. I much prefer to get as much as possible from the web; the lone anomaly being the Journal…
I am trying hard to be optimistic, but there are more than a few indications that a Senate investigation of the accounting profession's role in the economy – which began last week with a two-hour hearing by the Subcommittee on…
I need to be careful here, because this is something I was told second hand: India has bailed out of IFRS. My source is a member of the Consultative Advisory Group of the International Auditing and Assurance Standards Board. He…
It is said that big surprises come in small packages. Last week's "small package" was a brief article in the AICPA's online edition of its Journal of Accountancy, reporting that its own Financial Reporting Executive Committee (formerly the Accounting Standards…
I have already reported stumbling upon a fascinating interview of Clarence Sampson, SEC Chief Accountant for more than a decade starting in the mid-1970s. Of his many tales of peculiar interactions with special interests, this one struck me right in…