Accounting Standards

The Securities and Exchange Commission announced three new enforcement initiatives, including a task force aimed at rooting out potential fraud involving issuer disclosures and audit failures.  See http://www.sec.gov/news/press/2013/2013-121.htm.

The SEC
Continue Reading SEC’s New Task Force on Financial Reporting Fraud

Although it has been somewhat circumspect, the SEC seems to be stalling on a move towards adopting the international accounting standards of International Financial Reporting Standards (“IFRS”).  Such an approach has

Continue Reading Is the U.S. Moving Towards International Accounting Standards. . . Not Really (Again)