Financial Regulatory Forum

EXCLUSIVE-U.S., global differences over fair-value accounting can be reconciled – IASB chief

By Reuters Staff
October 6, 2009

tweedie_thb By Emily Chasan
NEW YORK, Oct 6 (Reuters) – Proposed changes to mark-to-market accounting rules are likely to look similar on both sides of the Atlantic in the end, despite a current controversy about how far to expand the rules, the top global accounting rulemaker said.

International accounting board rejects U.S. “fair value” rule plans

By Reuters Staff
September 30, 2009

By Huw Jones
LONDON, Sept 30 (Reuters) – The top accounting rule setter said on Wednesday that U.S. plans to widen the scope of a rule blamed for amplifying the credit crunch was unacceptable, raising doubts over a 2011 deadline for a global set of accounting rules.

U.S. accounting board eyes more disclosure on illiquid assets

By Reuters Staff
August 31, 2009

Financial Accounting Standards Board Chairman Robert Herz makes remarks at the Reuters Regulation Summit, in Washington, February 7, 2008.     REUTERS/Mike Theiler (UNITED STATES) WASHINGTON, Aug. 31 (Reuters) – U.S. accounting rulemakers have proposed requiring new disclosures on how companies value illiquid assets, a move designed to make it easier for investors to assess businesses’ financial health.
(more…)

Global accounting board drafts changes to fair value rule

By Reuters Staff
July 14, 2009

LONDON, July 14 (Reuters) – The International Accounting Standards Board on Tuesday published draft plans to simplify its fair value rule that has been criticised by European Union finance ministers for amplifying the financial crisis. (more…)