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…
When I was at the SEC (1992 – 93), one of the senior staff members whom I admired greatly for his competence and integrity was Robert Bayless, the Chief Accountant for the Division of Corporation Finance. ("Corp Fin" is the…
The minutes of the latest meeting of the SEC Staff with the CAQ SEC Regulations Committee provide an indication of what may be coming soon on the IFRS adoption front: "Jill Davis [Associate Chief Accountant in the Division of Corporation…
I have been hearing rumors that the SEC is getting ready to come out with its IFRS adoption plan any time now. Richard Breeden, a distinguished former SEC chair, and now the head of a $2 billion international investment fund,…
I'm honored to have been selected to give the keynote speech at the American Accounting Association's Northeast Region Meeting. I'm on right after breakfast on Friday, October 28th. As you might have guessed, the topic I have been asked to…
Way back in November 2008 when Christopher Cox was calling the tune, the SEC issued its proposed "Roadmap" for achieving a "single set of globally accepted accounting standards." That was the point at which the IFRS-adoption-is-inevitable" pot banging reached deafening…
I recently read the transcripts of two recent speeches on the question of the future of IFRS in the US. They are as different as two speeches could be on this topic. As one might expect, the adopt-IFRS-or-the-sky-will-fall speech emanated…
Last February the SEC announced, that their IFRS Roadmap had morphed into a "staff work plan." The staff was supposed to publish its first progress report sometime in October, and wouldn't you know, it was posted to the SEC's website…
It is my pleasure and privilege to provide you with an original essay from someone else besides yours truly. Michael Pakaluk received his A.B. and Ph.D. in philosophy from Harvard University, and has taught at Clark, Brown and CUA, among…
The EU is simply too committed to pertuating the giddy notion that financial statements can serve investors -- and be smoothed at the same time. That's why I predicted that they would soon respond negatively and vociferously to the SEC's…