|
|
11-07-07 :
June 2011
11-05-01 :
Financial Reporting: May 2011
11-03-01 :
Financial Reporting: March 2011
11-03-01 :
Financial Reporting: March 2011
By standardizing disparate information sources, financial executives can eliminate the narrow perspectives of the elephant and the blind man parable — and “see” beyond merely information silos or reports.
11-01-01 :
Financial Reporting: January 11
Uncertainty remains over whether, how and when the SEC will make the decision for U.S. companies to incorporate or converge with IFRS, leaving U.S. GAAP behind. Will a decision come in June, or beyond? Here’s what to consider in the meantime.
11-01-01 :
Financial Reporting: January 11
10-12-01 :
Compliance: December 10
The International Accounting Standards Board has issued guidance to assist companies when preparing narrative reports to accompany financial statements. Financial executives from several affected countries around the globe comment on the best way to regulate MD&A and achieve high-quality comparable narrative reports.
10-12-01 :
In Brief: December 10
10-12-01 :
Financial Reporting: December 10
On Sept. 24, the Internal Revenue Service finalized Schedule UTP (Form 1120 — Uncertain Tax Position Statement) and issued additional guidance that marked a revision from its original proposal.
10-11-17 :
FEI's 29th Annual Current Issues In Financial Reporting, 5th Annual Hall Of Fame
10-11-01 :
Washington Insights : November 10
10-11-01 :
Financial Reporting: November 10
Potential changes are under examination by U.S. and global accounting regulators for accounting changes to the approximately 30,000 qualified defined benefit plans in the U.S.
10-10-27 :
IASB's Exposure Draft “Removal of Fixed Dates for First-time Adopters -proposed amendments to IFRS 1
10-10-21 :
CCR Views on Proposed Accounting Standards Update, Revenue from Contracts with Customers
CCR Views on Proposed Accounting Standards Update, Revenue from Contracts with Customers
10-10-01 :
In Brief: October 10
10-10-01 :
Financial Reporting: October 10
As many of the global stakeholders know, the Financial Accounting Standards Board and International Accounting Standards Board have been collaborating on convergence of accounting standards. In June the boards announced a modification to their June 2011 timeline — namely for projects we believe are a relatively lower priority or for which further research and analysis is necessary.
10-10-01 :
Financial Reporting: October 10
One key finding from the first year of implementing eXtensible Business Reporting Language is that getting it right is critical, since errors or noncompliance can trigger an amended filing and possibly damage a company’s reputation.
10-09-01 :
Financial Reporting: September 10
Many companies are concerned that analysts will not be able to properly analyze their first quarter 2011 financial results because they are unfamiliar with IFRS and with the impact of the changeover.
10-08-31 :
New Law Creates Potential Financial Reporting Consequences, By KPMG
A new law that includes changes to international tax provisions could have financial reporting consequences for U.S. companies with foreign operations.
10-07-12 :
FAS 168
10-07-01 :
Financial Reporting : July 10
10-06-24 :
FASB, IASB Propose New Joint Standard For Revenue Recognition
June 24, 2010, FASB and IASB published for public comment a draft standard for Revenue Recognition.
10-06-01 :
Financial Reporting: June 10
Chief financial officers are often too busy and hard-pressed to find time to stay on top of the latest accounting and convergence plans of the Financial Accounting Standards Board and International Accounting Standards Board
10-06-01 :
President´s Page: June 10
It’s been a busy time in Washington, D.C., Norwalk, Conn., and London, as well as here at FEI headquarters in Morristown, N. J. As evidenced by the constant updating of news on FEI’s Web site and the length of our weekly e-newsletter FEI Express, you can see there’s been a flurry of activity concurrently on many fronts
10-05-27 :
IASB Publishes Proposal On Presentation Of Other Comprehensive Income
10-05-05 :
FASB Chief Herz To Constituents: 'Get Engaged' in Commenting On IFRS Convergence
FASB Chairman Robert H. Herz speaking to the FEI New Jersey Chapter on May 4, 2010, urged members to get engaged and comment on a number of Exposure Drafts to be released before June 30, 2011.
10-05-01 :
Financial Reporting: May 10
10-04-30 :
CCR Comments on Measurement of Liabilities in IAS 37
The Committee on Corporate Reporting of Financial Executives International appreciates the opportunity to share its views on the International Accounting Standards Board‘s Exposure Draft: Measurement of Liabilities in IAS 37.
10-04-30 :
Project to amend IAS 37
BUSINESSEUROPE, Nippon Keidanren and the US Committee on Corporate
Reporting of Financial Executives International comment on the project to amend IAS 37 started as part of a larger convergence project.
10-03-01 :
Financial Reporting Feature: March 10
One Report has the potential to significantly change how companies operate and investors think, shifting the focus from meeting short-term financial goals to developing a long-term business strategy that not only makes a commitment to corporate social responsibility, but also to a sustainable society.
10-01-18 :
S 1700 Energy Security Through Transparency Act
Today FEI sent a letter to Senate leadership to address concerns with the proposed legislation "Energy Security Through Transparency Act of 2009" - S. 1700.
10-01-04 :
Accounting Roundup 2009: Year In Review, By Deloitte
10-01-01 :
Financial Reporting: January 10
A sea change is occurring in financial reporting and FASB constituents will need to actively engage in the board’s due process as standard-setting efforts and IFRS policy considerations could radically change the financial reporting landscape.
10-01-01 :
Washington Insights: January 10
Entering the new year, financial executives will experience a furious pace of change in the world of financial reporting. At least 10 major proposals are expected to be released by the Financial Accounting Standards Board, for which FASB seeks comment on the proposals’ costs, benefits and more, as FASB strives to reach the goal of converging accounting standards by June 2011.
10-01-01 :
Financial Reporting: January 10
FEI CEO's annual list of challenges for financial executives.
09-12-21 :
Plotting A Course For The Proposed IFRS Roadmap, By E&Y
09-11-19 :
Lessons From The Financial Crisis: SEC Commissioner Casey's Speech At FEI CFRI
Commissioner Kathleen Casey's speech at FEI's CFRI conference, Nov. 17, 2009: Lessons From the Financial Crisis.
09-11-18 :
FEI Summary of Current Issues In Financial Reporting, Nov. 16-17
09-11-01 :
Financial Reporting: November 09
09-10-07 :
70% Of Respondents Want SEC To Approve IFRS Roadmap, Deloitte Survey
Seventy percent of respondents to a recent Deloitte survey indicated the SEC should approve its proposed roadmap or a modified version of it.
09-10-01 :
Discount Rate for Employee Benefits Comment Letter
09-09-03 :
Finance Transformation and Routine Accounting
09-09-01 :
Financial Statements and the Return of Professional Judgment
09-09-01 :
The Fast Close
09-07-01 :
in brief: July 09
09-07-01 :
financial reporting: July 09
Two articles highlight some key aspects of International Financial Reporting Standards. First, Ellen Heffes spoke with former Financial Accounting Standards Board Chairman Dennis R. Beresford about the roots of IFRS and his thinking on the current state of convergence. He also discussed fair-value accounting, which along with IFRS, he dubbed: “The two issues of the day, no question.”
09-06-12 :
June 2009
09-06-01 :
in brief: June 09
09-06-01 :
financial reporting: June 09
This IFRS section summarizes key points from the comment letters received by the U.S. Securities and Exchange Commission
09-06-01 :
financial reporting: June 09
Private companies have to walk a fine line to meet the disclosure requirements of U.S. generally accepted accounting principles — without providing too many details — while providing enough information for bankers and other financial statement users.
09-05-01 :
in brief: may 09
09-04-19 :
XBRL presentation
XBRL
09-03-24 :
March 2009
09-02-06 :
Financial Reporting In A Time Of Crisis, By E&Y's CEO James Turley
09-02-03 :
Accounting Roundup Year In Review, 2008 - By Deloitte
09-01-19 :
December 2008
09-01-01 :
financial reporting: january 09
08-12-01 :
financial reporting: december 08
08-11-14 :
FEI Committee on Corporate Reporting Comments on Proposed Amendments to FAS 140 and FIN 46(R)
08-11-01 :
financial reporting : november 08
08-10-27 :
October 2008
08-10-21 :
FEI's CFIT Committee provides comments to the SEC on 21st Century Disclosure Initiative File #4-567
The Committee on Finance & Information Technology (“CFIT”) of Financial Executives International (“FEI”) desires to comment on the U.S. Securities and Exchange Commission’s (“SEC” or “Commission”) 21st Century Disclosure Initiative, File Number 4-567.
The Committee on Finance & Information Technology (“CFIT”) of Financial Executives International (“FEI”) desires to comment on the U.S. Securi
08-10-01 :
XBRL: october 08
Here are responses — from users with experience — to points raised in comment letters.
08-10-01 :
CCR and CBF Share Preliminary Views on Amendments to IAS 19 Employee Benefits (the "Discussion Paper
The Committees on Corporate Reporting (“CCR”) and Benefits Finance (“CBF”) of Financial Executives International (“FEI”) appreciate the opportunity to share their views on the International Accounting Standards Board’s (the “IASB”) Discussion Paper: Preliminary Views on Amendments to IAS 19 Employee Benefits (the “Discussion Paper”).
08-09-18 :
SEC Advises Registrants To Further Explain Fair Value in MD&A
Deloitte reports that the SEC Division of Corporate Finance sent a letter to certain financial institutions concerning MD&A fair value disclosure considerations for their upcomng filings on Form 10-Q. These are in addition to those identified in its March 2008 letter.
08-08-08 :
FEI Technical committees (CCR, CGB, CPC) express concern with FASB’s Exposure Draft to amend FAS 5
FEI Technical committees (CCR, CGB, CPC) express concern with the FASB’s Exposure Draft to amend FAS 5 regarding disclosures of contingencies.
08-08-04 :
FEI's CCR and CFIT Committees Provide Views on SEC's XBRL Letter
08-08-04 :
SEC Will Immediately Begin Looking At Recommendations In CIFIR Report, Says Cox
On August 1, 2008, SEC Chairman Christopher Cox received a copy of the final report of the SEC Advisory Committee on Improvements to Financial Reporting (CIFiR) and said he has asked the SEC staff to immediately begin analyzing the recommendations for potential commission action.
08-07-30 :
Accounting Software Packages
08-07-11 :
Accounting Roundup, Second Quarter In Review 2008, By Deloitte
08-06-05 :
FASB Issues Exposure Draft on Disclosure of Certain Loss Contingencies
08-05-30 :
Reserves Against Outstanding Unsecured Loans
08-04-30 :
FEI 7th Sarbanes-Oxley Compliance Survey: Audit Fees, Benefit Both Up
FEI announced results of its seventh Sarbanes-Oxley compliance survey, which found that section 404 compliance cost Corporate America less in year-four than each of the first three, but audit fees were up. Also, respondents cite better audits.
08-04-17 :
Unsolicited letter on FAS 5 Contingencies to the FASB from CCR
The Committee on Corporate Reporting (“CCR”) of Financial Executives International (“FEI”) wishes to share its views on one particular matter concerning the Financial Accounting Standards Board’s (“FASB” or “Board”) reconsideration of FASB Statement No. 5 – Accounting for Contingencies (“FAS 5”). Specifically CCR is concerned with the implications this project will have on the accounting and discl
08-03-18 :
FAS 141R
08-03-10 :
Former Rep. Oxley At FEI Chapter: 'Sarbanes-Oxley Act Restored Investor Confidence'
Former Sen. Oxley, speaking at a chapter meeting of the Financial Executives International Okahoma City Chapter, said "The goal of the act was transparency and accountability and restoring investor confidence."
08-03-06 :
Accounting Roundup, February 2008, By Deloitte
Review of current accounting and financial reporting developments, By Deloitte
08-02-29 :
Implications Of Moving To IFRS, By Deloitte
Deloitte reviews the implications of IFRS for U.S. GAAP filers and offers steps in the process.
08-02-25 :
CCR responds to the IASB’s ED on consolidated and non-consolidated financial statement
The Committee on Corporate Reporting (“CCR”) of Financial Executives International (“FEI”) wishes to share its views on the International Accounting Standards Board (the “IASB”) Exposure Draft of Proposed Amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements Cost of an Investment in a Subsidiary, Jointly Con
08-02-21 :
Proposed FASB Staff Positions 157-c
08-02-13 :
CCR comment letter to the FAF
08-01-31 :
Capital Expenditures
08-01-31 :
Goodwill Valuation Models
08-01-30 :
Reducing Complexity, Interview In IIA Magazine Featuring FEI President & CEO
FEI President & CEO featured in an interview in Internal Auditor magazine on reducing complexity.
08-01-23 :
EU Mechanism For Equivalence Of Third-Country GAAP Includes Transition; Questions Remain
On January 8, 2008, the European Commission announced it adopted an ‘equivalence mechanism’ for determining the equivalence of ‘third country GAAP’ to IFRS.
08-01-23 :
FASB's Herz Says 'Get Ready For Change'
08-01-15 :
FASB: ‘No’ to Mortgage Bankers’ Request to Relax Rules
A forensic accountant opines on FASB’s decision to reject mortgage bankers’ request to relieve banks from complying with rules concerning writing down restructured residential loans.
08-01-08 :
Accounting Roundup: Year In Review 2007, By Deloitte
Deloitte's Heads Up summarizes major events for 2007 at FASB, IASB, PCAOB, SEC, etc.
08-01-08 :
FASB Proposes Delay Of FIN 48 For Nonpublic Enterprises, Comments Due Jan. 18
FASB proposes delay of Interpretation 48 for Nonpublic Enterprises; comments due January 18
08-01-07 :
New FEI Research On Fraud Prevention, Financial Reporting
FERF Research on Financial Reporting (Notes from Annual Reports) and Fraud Risk Checklist
08-01-01 :
washington insights: January 08
This month’s column could perhaps be ceremonially renamed the “Brussels Insights” column in honor of the mutual efforts by the U.S. Securities and Exchange Commission (SEC) and European Union (EU) toward global harmonization and mutual recognition.
08-01-01 :
financial reporting: January 08
As financial executives of both public and private companies absorb the events and happenings of 2007 and look ahead at what’s in store for them in 2008, FEI CEO and President Michael P. Cangemi has compiled the following list of the Top Challenges for 2008
07-12-21 :
FEI CEO's 2008 Top Challenges For Financial Executives
FEI CEO's 2008 Top Challenges for Financial Executives
07-12-17 :
FASB Preliminary Views on Financial Instruments With Characteristics Of Equity
KPMG's Defining Issues on FASB Preliminary Views On Financial Instruments with Characteristics of Equity
07-12-13 :
FEI CEO's Top Challenges For Financial Executives In 2008
07-12-03 :
Cangemi To Treas.: Preparers Want 'Quality Audits, Properly Scoped, Reasonable Cost'
07-11-15 :
Accounting for Property Leases
07-09-01 :
Financial Reporting: september 07
What do companies as diverse as IBM Corp., Credit Suisse Group and Intel Corp. have in common? While each of these three leading companies file their financials according to U.S. generally accepted accounting principles (GAAP) as their primary filing choice, they are also significantly impacted by the use of International Financial Reporting Standards (IFRS)
07-08-28 :
Management Reporting
07-07-06 :
Revenue Recognition in the Software Industry
07-06-17 :
Accounting for Warranty Programs
05-07-01 :
The Newest Sarbanes-Oxley Priority: Sustaining Compliance
Following year of Sarbanes-Oxley Section 404 compliance, sustaining compliance has become a key priority. A KPMG partner discusses a process to build on what's already been invested.
|
|
|