Are You Ready for IFRS?
IFRS will replace Canadian GAAP for public interim and annual financial statements for public companies on Jan. 1, 2011. But companies need to make accounting policy decisions under IFRS and prepare to gather data in accordance with IFRS by the start of FY 2010. ...
Foreign Bank Account Reporting Update
Financial professional with signature authority over a foreign bank account may have to include that information on their personal tax return...
February 18, 2010
AFP EconWatch - February 15, 2010
Even as wild winter weather threatened to slow temporarily the pace of the economic recovery, Federal Reserve Chairman Ben Bernanke outlined how the bank intended to rein in its overly accommodative policy stance. He did not, however, mention the timing or pace of such moves....
AFP's Platform for Regulatory Change
This crisis has triggered a variety of responses from regulators, both within countries and internationally....
February 1, 2010
Federal Reserve Announces Closing of Several Liquidity Facilities
The Federal Reserve announced that it would be closing the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility, the Commercial Paper Funding Facility, the Primary Dealer Credit Facility, and the Term Securities Lending Facility on February 1....
January 29, 2010
President Obama Levies Fees Against TARP Recipients
On Thursday, January 14, officials from the Obama Administration released the details of their plan to impose a fee on major financial institutions that received government assistance through the Troubled Asset Relief Program (TARP) and similar programs over the past two years....
January 14, 2010
What Shall We Do With All of This Cash?
We have now ridden the turbulent wave of financial uncertainty for the past couple of years. While many companies did not make it through the storm, those that built their Ark wisely probably survived by stockpiling cash ...
January 7, 2010
Is it Time to Repeal the Repeal?
As Congress debates the merits of whether reinstating Glass Steagall Act provisions would heal wounds from the financial crisis, a history lesson might be warranted to explain how we got here in the first place....
January 7, 2010
December 2009 Accounting and Reporting Newsletter
This is a month for raising questions. Which is more important, convergence or relevance? Members of the CFA institute, the investor society, think relevance. ...
December 23, 2009
Will the SEC Renew FASB's Contract?
The International Accounting Standards Board has entered a bid for the SEC's subcontract to become the accounting standard setter for public companies...
December 22, 2009
Federal Reserve Confirms Wind-down of Emergency Liquidity Programs
At the conclusion of the recent December 16th FOMC meeting, the Federal Reserve confirmed the planned maturities of several emergency liquidity programs created to combat the recent financial difficulties....
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