Governance/Regulation & Compliance

The Financial Accounting Standards Board (FASB) is considering requiring corporations to provide more details about pension plan allocations, including alternative investments. FASB says it is responding to shareholder demands for more transparency so they can better gauge portfolio risks.

The Financial Accounting Standards Board (FASB) is considering requiring corporations to provide more details about pension plan allocations, including alternative investments. FASB says it is responding to shareholder demands for more transparency so they can better gauge portfolio risks.

Most CFOs want to abolish quarterly guidance pronouncements, according to a recent survey. That's not surprising since most companies can't even get their annual in-house forecasts right.

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.

Oversight Systems Inc. is upgrading its continuous monitoring and auditing technology to make it even easier to spot innocent errors and premeditated fraud.

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.

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.

Even though the four largest accounting firms continue to audit almost all large public companies, concentration in the marketplace poses no immediate threat to fee competitiveness, the Government Accountability Office (GAO) concluded in a recent report.