Markets need more information: Herz
FASB chief said increased transperency could avoid another crisis
FASB chief said increased transperency could avoid another crisis
The head of the US accounting rule maker believes greater transparency is
needed to head off another possible crisis.
Robert Herz, chairman of the Financial Accounting Standards Board (FASB),
told
The
Nashville Business Journal more information should be made available to
investors.
“(Information) is the oxygen of capitalism,” Herz said. “When you pollute
that information,there are always bad consequences.”
FASB is currently examining a new fair value proposal – the accounting
principle blamed for exaggerating the effects of the credit crunch by forcing
companies to value financial assets in stagnant markets.
The FASB approach would result in all assets valued at fair value, in
contrast to the international approach where banks loan books would be exempt.
Read the full
story:Bob
Herz of FASB: Transparency needed to avoid another crash
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe incoming IFRS 17 insurance accounting standard is an “opportunity” for accountants to highlight their value to their companies, according to Moody...
View articleTrimble Real Estate & Workplace Solutions report on what has been learned so far on the road to FASB/IASB lease accounting compliance Read More...
View articleCraig Gillespie, business area director, Trimble Real Estate & Workplace Solutions, helps you navigate the latest changes Read More...
View articleCraig Gillespie, Business Area Director for Real Estate at Trimble details the implications of the new rules Read More...
View articleThe International Accounting Standards Board announces new regulations that create an international Standard for insurance contracts Read More...
View articleThe International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017 Read More...
View articleBoard members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organis...
View articleThe IASB has issued amendments to its existing insurance contracts accounting standard, IFRS 4 Read More...
View article