Hedging on FAS 133 Takes a Fair-Value Turn
FASB's latest overhaul would swap FAS 133's special hedge accounting, like the shortcut method, for a fair-value approach.

Disclosure, 21st Century Style
On its 75th anniversary, the SEC has launched an initiative to make disclosure information more transparent to investors.

Clawback Provisions Soar
More companies are voluntarily enacting polices requiring errant executives to return cash and stock incentives if erroneous reporting leads to a restatement.

Three-Part Disharmony
Adding IFRS convergence on top of recent FASB changes would mean re-implementing derivatives accounting for a third time.

Testing Internal Controls to Detect Fraud
The new BWise internal audit module of its GRC platform detects fraud and reduces risk.

Managing Environmental Hazards
OpenPages EHS helps companies manage their environmental, health and safety risk management policy.

Still in the Backdating Scandal Crosshairs
Apple faces new shareholder lawsuit after being cleared by the Justice Department.

COSO Lends a Hand for Effective Control Monitoring
Companies need to establish more efficient and more cost effective monitoring procedures for internal controls

Do Companies Deserve a Break from Fair Value Accounting?
The recent implementation of new fair value accounting rules and the corresponding crisis in the credit markets have combined to ignite a fiery debate on asset valuations in an illiquid market

Getting a Seat at the Table
The Private Company Financial Reporting Committee is giving a new voice to companies that have not always been well represented

Accounting Execs Question the Value of Fair Value Rules
Most senior accounting executives don't think FASB's new fair value rules worsened the subprime crisis, but neither do they think the regulations helped investors better understand lending risks

Companies Aren't Waiting for Congress to Act on Climate Change
The first far-reaching climate-change bill is heading for the Senate floor, heating up the debate in Congress and in corporate boardrooms about the potential impact of stricter regulations

Mega Expands in GRC Space With New Automated Suite
Mega International has introduced Version 3 of its GRC suite, with interface and controls enhancements

HedgeRx Retools for FAS 157
Reval.com Inc. has launched Version 8.0 of HedgeRx, its web-based derivatives hedging and risk management application, including upgrades to the FAS 157 module

Mind the GAAP
As the SEC presses for accelerated acceptance of IFRS as a GAAP alternative, many financial executives fear a hasty move could be as problematic as the rush to adopt SOX . But not United Technologies

NextPage Turns a Page
NextPage, a leader in compliance and information risk management, has introduced technology that addresses risks associated with the structured and unmanaged data residing at the edge of the enterprise--in hard drives and scattered share drives.

CFOs May Rock Jailhouse
The stakes just got higher for financial executives ensnared in the options backdating investigation. Former SafeNet CFO Carole Argo was sentenced to six months in prison and fined $1 million.

Compliance Spectrum puts the "R" in GRC
Compliance Spectrum is moving into the financial reporting arena by adding a risk component and real-time reporting functions to its Spectra automated compliance solution.

Audit Busters
Not every management is throwing up its hands and assuming they will not see savings from AS5 this year. Alfa Corp. has installed a new ERM solution with which it will go to battle with any auditor who challenges Alfa's ability to quantify and prioritize risk

Is SOX Starting to Work?
For the first time in a decade, according to a Glass Lewis & Co. report, there has been a year-over-year decline in the number of restatements filed by public companies.