This is the second of three posts today. In this one, I want to talk about materiality — in general, and the recent proposals issued by the FASB. (The first post, a related one, is here.) Materiality vis-à-vis GAAP Before we…
I have three things to write about today, which for the sake of length and ease of future reference, I will publish as three separate posts. This is the first one. The FASB has recently proposed a materiality standard…
With inspiration and encouragement from the John Hughes IFRS Blog, this post is a partial recycling from 2010 of Merrily We Roll Along — Forward and Up. I had observed way back then that with XBRL on the rise, analysts…
If the FASB and IASB are doing such a good job mucking up financial statements by working together on convergence projects, why have they decided to go their separate ways in their quests to seek a cure for disclosure dysfunction? Based…