The Bloomberg BNA Accounting Blog is a forum for practitioners and Bloomberg BNA editors to share ideas, raise issues, and network with colleagues. The ideas presented here are those of individuals, and Bloomberg BNA bears no responsibility for the appropriateness or accuracy of the communications between group members.
March 20, 2012
Oscar Wilde once said, "Punctuality is the thief of time." A decade
after U.S. and international rulemakers in accounting made their
initial, formal vow to try to converge on standards, those
standard-setters have struggled mightily to stay on schedules they have
set for themselves. They have seen time get stolen away.
March 7, 2012
On November 28, 2011, Judge Jed Rakoff roundly rebuked the Securities
and Exchange Commission for neglecting its statutory mission and refused
to serve as a “handmaiden” at the “whim” of the regulatory agency.
FASB-IASB’s new Revenue Recognition Standard is Coming to Town(2)
Recent Accounting and Auditing Highlights(1)
Recent Accounting and Auditing Highlights(2)
Toiling Up the Mountain of a New Conceptual Framework: If Sisyphus Were an Accounting Rulemaker
Latest Accounting and Auditing Highlights