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FASB

david-tweedie

World is waiting as US dithers over IFRS

Sir David Tweedie warns that US elections could put convergence back ten years

25 Apr 2012

International Accounting Standards Board

IASB and FASB offer clarification around expected loss attributes

The boards also clarified the so called ‘three bucket' approach, designed to help banks make responsible provisions

23 Apr 2012

Hans Hoogervorst IASB chairman

IFRS in the US could be ‘Chinese water torture’

IASB chairman Hans Hoogervorst is confident US regulators will ‘take a positive decision' to adopt IFRS

24 Feb 2012

"Progess" gained on accounting convergence

IASB chief sees progress on IASB/FASB efforts for accounting standard converegence

23 Jan 2012

IASB and FASB propose netting workaround

Gap between US and international rules for netting of derivatives assets and liabilities prove too difficult to bridge

19 Dec 2011

US considers 'modified incorporation' of IFRS

US standard setters urge keeping the name US GAAP but merging with IFRS where possible

07 Dec 2011

Standard setter minutiae kicks off conference

IASB and FASB kick off Meet The Experts financial reporting conference with a run-down of manifold challenges

07 Nov 2011

Lease accounting changes 'little known'

The business world is still in the dark over potential changes to lease accounting standards, warns Grant Thornton

31 Oct 2011

US standard setters could forge own path for SMEs

US standard setters might write rules for SMEs that are distinct from both US GAAP and IFRS

05 Oct 2011

US standard setters 'move slowly to maximise success'

US standard setters the FASB said slow convergence stretching into 2012 will maximise chance of success

23 Sep 2011

Global standard setters re-expose leasing draft

Standard setters invite more comment on common leasing standard as board decisions have moved on

22 Jul 2011

US banks attack proposed accounting standards

US banks have attacked proposed accounting standards that could force them to bring derivatives on balance sheet, potentially inflating their numbers by trillions of dollars

13 May 2011

Fair value in focus for new accounting standard

Today's fourth new international accounting standard offers clarification on the use of fair value accounting, an issue that achieved notoriety during the financial crisis

12 May 2011

Progress on international accounting standards 'substantial'

The International Accounting Standards Board has said convergence progress is substantial, outlining projects completed since November and those where further work is required

21 Apr 2011

Pace of change to new accounting rules frightens EC

Jeroen Hooijer warns that major accounting standards project requires more road-testing

31 Mar 2011

Joint approach forged on accounting for loan losses

US and international standard setter open new proposals up for public comment

01 Feb 2011

Standard setters work to 'align' balance sheet approach

US and international standard setters set to harmonise approach to 'offsetting' for financial assets

31 Jan 2011

US rule maker appeases banks

FASB moves closer to the international standard setter on accounting for loan books

26 Jan 2011

Agreement reached on accounting for losses on bank loans

IASB and FASB opt for the expected loss model to account for losses on loans

14 Jan 2011

Seidman takes up FASB chairman role

Leslie Seidman takes over from Bob Herz as FASB chairman

24 Dec 2010

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Penny Avis' book Nevermind the Botox Rachel

Video: From corporate finance to author

Rachael Singh interviews self-published author and former Deloitte partner Penny Avis on her novel "Nevermind the Botox Rachel"

Managers must spot signs of staff stress

Learn to identify the symptoms of stress in your team, urges CABA

The Practitioner: Staff sit-down shocker

The Practitioner has plenty to think about after a senior staff member reveals the pair haven't 'chatted' for quite a while...

Time for consulting to re-balance?

Despite robust performance in 2011, the consulting industry must reduce its reliance on financial services clients, says Alan Leaman

businessman steps forward

Tax: Don't go back in the future

Forget retrospection and instead put the GAAR together properly to create certainty for business, says Gary Richards

CIMA and ICAEW accounts: all in the presentation

Fully transparent, or just one for the accountants? asks Kevin Reed

TS recalls Pet's star Healy's close links to HMRC

Tim Healy's recent run-in with the taxman isn't his only dealing with HMRC, TS recalls...

Colin: Cost-cutting a step too far

Finance function takes its toll at BBC offices

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