Tag:
Financial Statement
Latest Headlines
Latest Headlines
New alert offers guidance on economic risk
The strength of the current economic recovery remains uncertain, which qualifies the economy as a massive risk issue for public companies. Most are quite aware of the risks that a volatile economy
XBRL benefits slow to form
The multi-year march toward interactive reporting of financial statements via XBRL has proceeded in fairly smooth fashion so far. A wide adoption spectrum has emerged--the largest companies have
Goldman Sachs, Morgan Stanley ponder mark-to-market accounting
Mark-to-market accounting is back in the news. The issue hasn't been this hot since the aftermath of the financial crisis back in 2008 and 2009, when banks were battling for survival. At the time,
PCAOB continues efforts to reform financial statement
Recall that the PCAOB, under Chairman James Doty, has embarked on an ambitious effort to rethink the time-honored American financial statement, which many think would be ripe for some big changes.
SEC blasts Wells Fargo for vague language
Footnoted.org notes the SEC's recent reprimand of Wells Fargo for vague language in a recent financial filing. Some statements were so vague that they were next to meaningless, according to the
10 tips for simple XBRL tagging compliance
Most companies--or their consultants in many cases--are in the thick of their XBRL tagging efforts. Most would agree that the year 2 requirements are much more onerous than the initial requirements.
A seasonal component to bank earnings?
A lot of industries' earnings have a seasonal element. But few thought that bank earnings were in that bucket. A New York Times columnist, however, has eyeballed some FDIC data and suggested there
XBRL momentum builds steadily
There's a good reason for all the momentum behind XBRL: The SEC isn't backing off its phase-in schedule one bit. By June of next year, all publicly-traded companies will have to report financial
A Sarbanes-Oxley approach to the foreclosure crisis?
Section 302 of Sarbanes-Oxley has gotten a lot of media ink over the years, as it struck many as a simple way to get companies to commit to financial statement transparency. By forcing the CEO and
Audit committees and risk
The new Securities and Exchange Commission directive requiring companies to describe in their proxy material how risk management duties are distributed among board committees took effect on February
