Accounting (Laws, regulations and rules)

"WHERE WAS THE AUDIT COMMITTEE?" HAS BEEN a question asked by many over the past few years. With their next breath, those same people should be asking why gilt-edged audit committees with members...

A long list of new and old regulations, legislative items and even a few rumors are counted among the things to watch if you're a mortgage servicer. Like many things originating out of...

1. INTRODUCTION Recently, sustainability has become a goal achievement of firms' doing business in the turbulent and uncertain markets and environments. They have made an attempt to search for valuable and unique business...

HEADNOTE This Article corrects widespread misconception about whether complex regulatory systems can be described fairly as either "rules-based" or "principles-based" (also called "standards-based"). Promiscuous use of these labels has proliferated in the years...

Insurance companies prepare their statutory financial statements using accounting practices "prescribed or permitted by the insurance department of the state of domicile" (see the sidebar, page 108). Though that basis of accounting is...