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 pressureContinue reading “IASB and FASB can’t get on same page”
Author Archives: Neil
How the risk of a pandemic might affect your company
A few days ago, probably through Twitter, I found an interesting site for auditors and other risk and compliance professionals called Compliance Week. Based in Boston, they publish a monthly magazine, a weekly email newsletter, and host several blogs and forums on the web. What led me to the site was a link to aContinue reading “How the risk of a pandemic might affect your company”
News the new way
Last night, protests that have been taking place in Toronto for the past few weeks at Queen’s Park and the US Consulate spilled onto the Gardiner Expressway, the elevated freeway that runs through downtown. It was this event that brought home to me on a personal level the way the world is changing when itContinue reading “News the new way”
Return to blogging
The FASB is expertly highlighting its growing irrelevance by agreeing to change mark-to-market to mark-to-sorta-market-but-not-really-because-banks-don’t-like-having-to-write-down-their-worthless-derivatives-to-fair-value.
Thanks for the memories
Dear readers, It is with great reluctance that I announce the closing of this blog. As of this Friday, May 9, 2008, I will leave public accounting to pursue new opportunities in the wide world of industry in internal audit. I have met a lot of great people within the profession through this blog andContinue reading “Thanks for the memories”