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

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)