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Tag >> generally accepted accounting principles
Dec 22
2010

Key accounting issues for 2011

Posted by Stephen Taub in revenue recognitionliquidityleaseslease accountingInternational convergencegenerally accepted accounting principlesGAAPCredit Suisse SecuritiescontingenciescomplianceAccounting

Stephen Taub

Credit Suisse Securities has sent clients a neat concise report detailing the "hot button" accounting issues for 2011that were discussed at the recent annual AICPA Conference on Current SEC & PCAOB Developments.

The report highlights four major topics: International Convergence, Liquidity, Contingencies and Restoring the Public Trust.

Aug 04
2010

GAO warns on internal controls of US financial reports

Posted by Stephen Taub in Office of Management and Budgetinternal controlsGovernment Accountability Officegenerally accepted accounting principlesGAODepartment of Treasurycomplianceaudit

Stephen Taub

It looks like the folks who brought us Sarbanes-Oxley need a dose of the governance and accounting rules themselves.

A new US Government Accountability Office (GAO) report concluded that improvements are needed in controls over the preparation of the US consolidated financial statements.

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