UpShot

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accounting and upshot - All News and Analysis

• Accounting that adds up

  - 2002-04-01

  Testimony of Walter P. Schuetze before the United States Senate Committee on Banking, Housing, and Urban Affairs, Paul S. Sarbanes, Chairman, on February 26, 2002 The public's confidence in financial reports of and by corporate America, and in the audits of those financial reports by the public...

  Tags: accounting, aircraft, asset, auditing, Enron Corp., FINANCE, financial, Financial Accounting Standards Board, investor, SEC, upshot

• SEC settles for half a loaf on auditor independence.

  - 2000-11-20

  It's hardly the tough approach that it's been threatening for the past two years, but the Securities and Exchange Commission has finally enacted controversial new rules that address inherent conflicts of interest when big accounting firms act as bo It's hardly the tough approach...

  Tags: SEC, accounting, consulting, upshot

• Fudge has no place in financial reports.

  - 2000-04-03

  As the bull market grows older, market valuations are soaring for many high-tech firms and plummeting for a lot of old-economy companies, creating strains on both extremes of the stock market. The upshot has been a lot of, shall we say...creative a As the...

  Tags: accounting, company, financial, MicroStrategy Inc., revenue, SEC, upshot

• Pooling or purchase: a merger mystery.

  - 1999-01-01

  Public merger announcements often state which type of merger accounting, pooling or purchase, has been employed. The choice can strongly influence accounting results, For example, reported earnings are often higher under pooling than purchase accounting. Yet empirical analysis indicates that the higher earnings reports do not fool investors. Why then...

  Tags: accounting, acquisition, asset, AT&T Corp., earnings, FINANCE, Financial Accounting Standards Board, merger, stock, tax, upshot