As you may have already heard, the Pentagon is desperate eager to score a clean […]
Tag: GAAP
FASB Took It Easy in 2022
While the PCAOB has been on a mission to scare the pants off of auditors […]
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 […]