Accounting & Tax
FASB Going Concern Disclosure Too Little, Too Late, Moody’s Says
In an article it "Credit Outlook," report, Moody's Investors Service said accounting disclosures being proposed by the U.S. Financial Accounting Standards Board to provide investors with an early ...
FASB Proposes Better Disclosure Of Going Concern Doubts; Seeks Comment
Last week, the Financial Accounting Standards Board issued a proposal aimed at improving disclosures of uncertainties related to an organization's ability to continue as a going concern. The proposed ...
Insurance Industry Facing Accounting Overhaul in Line with Global Standards
The biggest overhaul of insurance accounting in 30 years was to advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...
Tax Dodges In The Crosshairs At G-8 Summit
World leaders at the G-8 summit declared Tuesday that governments must work together to close loopholes that allow multinational corporate giants to avoid paying taxes in their home countries. In a ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...