September 20, 2021

The Nerds of Norwalk

FASB Chair Vows to Finish Term Cooperating, Condorsing, Enverging, Whatever

The last ten years haven't gone exactly the way the bookworms at the FASB wanted. The Norwalk Agreement, signed in 2002, was supposed to be the first step in resolving the differences between international financial reporting standards and Almighty U.S. GAAP. Alas, despite a lot of agreeing, disagreeing, and agreeing to disagree we've ended up […]

(UPDATE) Who Wants to Be the Next FASB Chair?

~ Update includes quotes from Financial Accounting Foundation spokesperson. FEI (via BNA Bloomberg which requires a subscription) reports that the search is on for a successor to Leslie Seidman as the head of the FASB. The Financial Accounting Foundation (FAF), which oversees the FASB, has launched a search for a successor chair to current FASB […]