“Wouldn’t you love to be Mr. James’s tax accountant right about now?”
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The Frank-Dodd Act Could Solve Part of the Unemployment Problem
- Caleb Newquist
- July 15, 2010
“In 2,500 pages of dense prose, we’re about to receive legislation that could better be entitled ‘The Lawyers’ and Lobbyists’ Full Employment Act.”’
~ Harvey Pitt, former SEC Chairman, graduated with his law degree from St. John’s in 1968.
FASB Fair Value Proposal Brings the Hate
- Caleb Newquist
- June 17, 2010
“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”
~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.
IFRS: Four. More. Years.
- Caleb Newquist
- December 7, 2010
Comments reflected “a lot of unanimity around, if we go in this direction, allowing sufficient time for companies to adjust,” said Schapiro in a question-and-answer session following her keynote address to the American Institute of Certified Public Accountants’ national conference on accounting and auditing issues for public companies. “It’s likely to be a minimum of four years,” but that’s still a point for the SEC to decide, she said, assuming it decides to incorporate IFRS into U.S. capital markets. [Compliance Week]