FT‘s Stephen Foley has written an opinion piece for, you guessed it, FT on the […]
Tag: Annual Reports
SEC Enforcement Released Its Greatest Hits for FY 2022
The SEC Division of Enforcement cracked a lot of skulls in fiscal 2022, as it […]
It’s That Time of Year When the SEC Gets Braggadocious
Now that the SEC is a little more than a month into its new fiscal […]
The Auditors’ Auditors Got a Clean Audit Opinion From Their Auditors
The PCAOB posted their 2012 annual report to its website today and it's filled with […]
IASB Discusses MD&A and No One Cares
Do you spend evenings and weekends reading annual reports as opposed to doing, say, anything? We thought so. So you’re definitely familiar with the cheerleading section in those glossy marketing pieces known as “Management Discussion and Analsyis” or “MD&A”.
Well the IASB has decided that MD&A isn’t worth getting too worked up about as three board members voted “meh”, against issuing an actual proposal that would give management guidance on content. Sayeth:
Because the proposal will not result in a financial reporting standard, issuing it is not an effective use of IASB resources or those of constituents who may feel an obligation to comment, say the three board members, Robert Garnett, Prabhakar Kalavacherla, and James Leisenring.
Common sense appears to be alive and kicking at the IASB. Hoo-RAH.
International Standard Setters Have Their Say on MD&A [CFO.com]