Decoupling: It’s not just about banking

Back in December 2009, FASB Chairman Bob Herz called for ‘decoupling’ GAAP and Banking regulations. Doing so could enhance the ability of both the FASB and the regulators to fulfill our critical mandates. We can continue to work with independence and an unwavering dedication to market transparency; at the same time the bank regulators can [...] Read more > >

Decoupling: It's not just about banking

Back in December 2009, FASB Chairman Bob Herz called for ‘decoupling’ GAAP and Banking regulations. Doing so could enhance the ability of both the FASB and the regulators to fulfill our critical mandates. We can continue to work with independence and an unwavering dedication to market transparency; at the same time the bank regulators can [...] Read more > >

Taxes, Financial Reporting and the Law: Roundtable with Lil Mills

If you assumed that accounting standards wouldn’t get sucked into the highly charged health care debate, you guessed wrong! From the New York Times An association representing 300 large corporations urged President Obama and Congress on Monday to repeal a provision of the health care overhaul that prompted AT&T, Caterpillar and other companies to announce [...] Read more > >