Karen Kroll

The Trustees of the IFRS Foundation’s recent report of its review of the Foundation’s strategy, “IFRS as the Global Standard: Setting a Strategy for the Foundation’s Second Decade,” sheds some light on just how the Trustees see IFRS moving forward over the next few years. The strategy review and report were prompted by the Foundation’s […]

While the airwaves and headlines have been filled with talk of tax reform, few corporate executives and board members see it happening any time soon. Almost half—48 percent—of the 1,400 participants in a recent KPMG survey do not expect a change in corporate tax rates until 2013. Even when it does come, the reductions would […]

Later this week, the Public Company Accounting Oversight Board will begin hosting a series of forums on auditing in small businesses. The first forum will be April 28, 2011, in Boston; subsequent ones will be held in Las Vegas, New York, Chicago, Seattle, Dallas, and St. Petersburg, Florida. The forums have been going on for […]

On Friday, the Financial Accounting Standards Board issued a proposed update to its requirements for testing goodwill for impairment. The proposal is a response to concerns expressed by non-public companies about the cost and complexity of complying with the current test, FASB member Darryl Buck said in a release.  Goodwill impairment occurs when the carrying […]