U.S. Chamber of Commerce Phoned in Its Opposition to the PCAOB’s Revised Auditor Report Proposals
If there's one thing that you can count on when regulators propose rules that will shake things up a bit, it's a whole-hearted opposition from the U.S. Chamber of Commerce. The Chamber's Center for Capital Markets Competitiveness's comment letter for the Concept Release was 20 pages long and is summed up quite well by this […]
It’ll Be Nothing Short of a Miracle for Meaningful Lease Accounting Reform to Become Reality
Since FASB Statement No. 13 was issued in the mid-70s, businesses have managed to develop a lot of creative ways for classifying some of their future obligations as operating leases, thus keeping those debts off their balance sheets. That's handy for all kinds of reasons, but some people think that it's a very bad thing. Solution? […]