- Convergence Comes Together
Given the IASB/FASB goal of convergence by 2008, CFOs at US-based companies should be taking specific steps now to ensure that they are prepared. [more]
- The Merc Masters Certification
After a major initiative by the compliance team, the CFO and CEO of the Chicago Mercantile Exchange can certify quarterly financial reports with extreme confidence. [more]
- The Next Junction for IT and Finance: The IT CFO?
Information technology (IT) budgeting is such a critical activity for businesses today that a new, hybrid discipline is beginning to emerge, according to ComputerWorld. [more]
- House Holds Regulators' Feet to the Fire Over Financial Reporting Complexity
Last year the House passed the Transparency in Financial Reporting Act, but the bill never made it through the Senate. [more]
- Oracle Snaps Up Hyperion
Enterprise software colossus Oracle announced today that it will pay over $3 billion in cash to buy Hyperion Solutions, a leading business performance management software provider. [more]
- Kerry, Snowe Lobby to Ease SarbOx Pain for Small Companies
Senators John Kerry (D-Mass.) and Olympia Snowe (R-Maine) are rallying to postpone implementing Sarbanes-Oxley Section 404 regulations for small public firms to alleviate the anticipated stress in adhering to the new standards. [more]
- FEI Concerned About Proposed Changes to SOX 404
Yesterday was the deadline to voice agreement, opposition, or suggestions to the SEC's and Public Company Accounting Oversight Board's (PCAOB) proposed changes to Section 404 of Sarbanes-Oxley. [more]
- Continuous Improvement for Scorecards and Dashboards
A recent Ventana Research study indicates that although managers have come a long way in assessing operational performance through dashboards and scorecards, the applications can still be better utilized. [more]
- GAAP Meets IFRS: "Improve, Converge and Simplify"
FASB's director of major projects, Sue Bielstein, claims that both her board and the International Accounting Standards Board (IASB) are making "solid progress" in their efforts to merge US generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). [more]
- Options Expensing Alert: Evaluate the Quality of Disclosures
Institutional Shareholder Services (ISS) has responded to FAS 123R's requirement to report stock option grants as expenses by developing an Options Expensing Alert. [more]
- Center for Audit Quality Launched
Governed by both the AICPA and the six biggest accounting firms' chief executives, the new Center for Audit Quality strives to influence national policy. [more]
- UK CFOs React to IFRS Changeover
Convergence between US GAAP and International Financial Reporting Standards (IFRS) is acclerating, and may be complete within the next 12 months. [more]
- Sustainability Reporting: Straight to the Bottom Line
CFOs at 250 of the world's largest companies use comprehensive reporting that provides data on nonfinancial factors to cut risk and ensure future performance. [more]
- Valuing IT
Given the shifting nature of information technology assets and the steady onward march of Moore's Law, measuring the value of enterprise IT systems at any given time has always been a challenge for finance. [more]
- Spreadsheet Management Tools All the Rage
Ventana Research anticipates a growing appeal for spreadsheet management applications in the next few years. [more]
- Taking the Expense Out of Expensing
Companies that reluctantly loosened the purse strings when they began expensing stock options a year ago can now price these options in a new way that promises to reduce those expenses -- with the blessing of the SEC. [more]
- FASB Casts Vote Against Postponing FIN 48
The Financial Accounting Standards Board voted to stay the course with FIN 48 implementation, despite the call for a delay from industry coalitions and tax mavericks. [more]
- BPM Moves Into Operations
If you're confused about what BPM 2.0 really means, don't roll your eyes just yet. [more]
- Financial Restatements and "Stealth Reporting"
Financial statement restatements climbed in 2005, and an analysis of the first nine months of 2006 indicates that the trend is holding fast. [more]
- PCAOB Votes Unanimously for a New Auditing Standard
As expected, the Public Company Accounting Oversight Board (PCAOB) voted this week to propose a new auditing standard to replace the much-criticized Auditing Standard Number 2. [more]
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