For the past 18 months or so, almost everything in the financial reporting world seems to have been about the credit crisis and recession. The focus has been on whether accounting standards should be changed, whether impairments were being recorded quickly enough, whether risk disclosures were sufficient, and so forth.
Thankfully, it appears that we’ll have a chance to focus on other things in 2010.
This column discusses a few things that I hope will happen in the coming year. The recent past has shown that the forces affecting financial reporting are rather unpredictable. So although I’ve tried to be realistic ...