Last Wednesday, I enjoyed our most recent FASRI Round Table. Ben Couch discussed the new guidance for making Fair Value Measurements (hereafter, FVM) as well as the new disclosures about FVM. Part of the discussion centered distinguishing between level 2 and 3 measurements. For a FVM that uses some market information, how does the accountant [...] Read more > >
The FAF described its new Post-Implementation Review (PIR) initiative, whereby a team created within the FAF will systematically review existing standards to assess the extent to which they accomplished their originally-intended objectives. I personally think that this is a valuable initiative and that it appears to be well-designed. A thought that I had in listening [...] Read more > >
Update: Here are two slide decks related to the session described below: First click on “Read more” below and then click here for the first slide deck. First click on “Read more” below and then click here for the second slide deck. Unfortunate technological difficulties prevented us from recording the session. The FASRI Round [...] Read more > >
Is anyone aware of 10b5 shareholder litigation due to delayed recognition of goodwill impairment? At least two working papers imply that firms expose themselves to such actions when they delay the recognition of goodwill impairment. The first working paper, by Muller, Neamtiu and Riedl, suggests that insiders knowingly sell stock prior to the firm recording [...] Read more > >