Are current financial accounting standards protecting investors?
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Are current financial accounting standards protecting investors? Hearing before the Subcommittee on Commerce, Trade, and Consumer Protection of the Committee ... Congress, second session, February 14, 2002 by United States

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Published by For sale by the Supt. of Docs., U.S. G.P.O. [Congressional Sales Office] .
Written in English


Book details:

The Physical Object
Number of Pages77
ID Numbers
Open LibraryOL7380402M
ISBN 100160683394
ISBN 109780160683398
OCLC/WorldCa49800215

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Get this from a library! Are current financial accounting standards protecting investors?: hearing before the Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on . A key proponent for changing accounting rules for loan losses has a new argument: Investors have lost confidence in the existing method. Speaking to more than 1, accounting professionals, Hal Schroeder, who has served on the Financial Accounting Standards Board’s governing board since , forcefully called the current Author: John Reosti. Howard Schilit, Ph.D., CPA, is the founder and chief executive officer of the Financial Shenanigans Detection (FSD) Group, LLC. Dr. Schilit is a pioneer in the field of detecting accounting tricks in corporate financial reports that mislead is the author of Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial /5(71). Standards and regulatory requirements for accounting and financial reporting don’t stand still. For many years, accounting and financial reporting standards moved like glaciers — slowly and not too far. But just like the climate, the activity of the accounting and financial .

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Financial reporting—balance sheets—income statements—financial notes and disclosures—is the language we use to communicate information about the financial condition of a company, public or private, a not-for-profit organization, or a state or local government. The accounting standards . The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's consolidated IFRS ® Standards (Part A of the Issued Standards—the Red Book), the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available translations of Standards.   “In our November joint statement, we, the International Accounting Standards Board and the U.S. Financial Accounting Standards Board again reaffirmed our commitment to .   Current financial accounting is often not a very good guide for either corporate managers or investors. The primary policy issue now is whether accounting standards should .