FEI
FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI
Latest posts
Dec
12
In her keynote address at an AICPA conference in Washington, DC last week, FASB Chairman Lesl
Dec
07
Building on an earlier speech delivered in Melbourne, Australia in November, in which he called upon the U.S.
Dec
07
The SEC's Chief Accountant, Jim Kroeker, told an AICPA conference on Dec.
Dec
07
The FEI Financial Reporting Blog is excited to share with you news of the launch of a second blog at FEI, the FERF Research Blog!
Nov
22
Business and global economic confidence among Chief Financial Officers continues to dive to some of its lowest levels in over a year, according to the most recent survey "CFO Outlook" survey conducted by Financial Executives
Nov
22
Business and global economic confidence among Chief Financial Officers continues to dive to some of its lowest levels in over a year, according to the most recent survey "CFO Outlook" survey conducted by Financial Executives
Nov
17
This afternoon, the SEC staff issued two reports on IFRS, comparing U.S.
Nov
17
Earlier this week, FASB released its revised Exposure Draft on Revenue Recogntion. The comment deadline is March 13, 2012.
Nov
15
In remarks at FEI’s Current Financial Reporting Issues (CFRI) conference earlier today, SEC Chief Accountant Jim Kroeker, appeared to indicate he would personally question whether to offer an ‘option’ for U.S. public companies to report in IFRS, vs. a firm requirement to do so over a transition period, if the SEC were to move in that direction. Note 1: this was my take on one point raised by Kroeker; see disclaimer posted on the right side of this blog, read his verbatim quote below. Note 2: my use of the phrase 'report in IFRS' may be an overly short-hand reference, since the more recent thinking of the SEC, as discussed in its Staff Paper on 'Condorsement' released in May 2011, focuses on the incorporation of IFRS into the U.S. financial reporting system via ongoing endorsement of IFRS by the FASB, and that concept, combined with comments filed with the SEC today by the Financial Accounting Foundation (which oversees the FASB) may - the operative term being, may - indicate a more gradual move to 'incorporating' IFRS into U.S. GAAP, perhaps lessening the potential impact of an on-off 'switch' from U.S. GAAP to IFRS.

