While the PCAOB has been on a mission to scare the pants off of auditors […]
Tag: GAAP
Donald Trump Jr. Admits He Probably Would Have Failed Intermediate Accting, Had He Taken It
Today in Business Insider: As sole trustee for the family business, Donald Trump Jr. routinely […]
New SEC Rules Have Made GAAP Great Again (in Press Releases Anyway)
For some time now, I've been featuring various worries by various people about non-GAAP reporting […]
That Time One of Donald Trump’s Companies Got in Trouble for Reporting Ludicrously Deceptive Non-GAAP Results
Cretinous cheese puff and future American emperor Donald Trump likes to remind people of his […]
Stop Worrying So Much About Non-GAAP Measures
A long time ago, in an accounting classroom far, far away, I heard one of […]
Only 20% of Companies Using Creative Accounting to Its Full Potential
Here's a study (via Broc Romanek) that surveyed 400 CFOs on the misrepresentation of earnings. […]
IASB Backtracks on Lease Accounting But Definitely Not Because of FASB
Funny that the IASB and FASB working together on a new lease accounting standard was […]
FASB Tries to Simplify GAAP, One Item at a Time
You will note that a bound copy of GAAP comes in at 7,692 pages (as […]
SEC: Nothing Rotten About Apple
Four months after opening its review of Apple’s finances, the Securities and Exchange Commission has […]
NASBA, AICPA Agree to Hug It Out Over Private Accounting Standards
After a month of some public and private sniping, NASBA and AICPA seem to be […]
NASBA Happy to See Some Legit Options for Private Company Accounting Get Proposed
I intended to get to this yesterday but I was having too much fun rummaging […]
Financial Accounting Foundation Seems Slightly Annoyed with the AICPA’s New Accounting Method for Small Business
Judging by the AICPA's PR blitz, you'd think that everyone was excited about their release of […]