The inter­na­tional and US accounting standards bodies are both adjusting their mark-to-market rules in favour of politi­cians and bankers. FASB did it last month. IASB is working on it as quickly as they can. And yet, the two cannot agree on just how far they should bend over backward for the special interests. After pressure […]

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Richard Murphy’s on fire these days, taking it One World Trust, explaining the power of blogging and giving it to New York CPAs. Too many in accoun­tancy see their role to be increasing the wealth of the wealthiest in our society… and they’re polit­i­cally cynical enough to pander to their clients and ignore the ethics […]

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The Publish What You Pay campaign is where inter­na­tional politics, financial reporting, and the devel­oping world intersect. The campaign seeks to force companies in extractive indus­tries (such as oil and gas) to make public their payments to govern­ments in the devel­oping world. It began in 1999 with an “exposé of the apparent complicity of the oil […]

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The Inter­na­tional Accounting Standards Board (IASB) has announced they won’t be issuing any new standards or major amend­ments to existing standards with effective dates before January 1^st, 2009, in order to give companies reporting under the standards a bit of a breather to get their house in order. Word around the accountant blogos­phere has been tentatively […]

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