Robert Herz
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U.S. firms challenged to get "intangibles" on the books
Sep 02, 2011 07:22 EDT
CHAPEL HILL, N.C./NEW YORK (Reuters) - With intangible assets such as patents dominating so much of the modern economy, why are they still largely off the balance sheets of America's largest corporations?
FASB chairman Herz retiring
Aug 24, 2010 22:33 EDT
Financial Accounting Standards Board Chairman Herz retiring after 8 years. The head of the rule-setting board for corporate accounting is retiring after a tenure that included a momentous encounter with Congress in the wake of the financial crisis.
FASB chief to retire and board size to increase
Aug 24, 2010 18:00 EDT
NEW YORK (Reuters) - The chairman of the Financial Accounting Standards Board, which sets U.S. accounting rules, said on Tuesday he is retiring after more than eight years at the helm.
Tightened rules for banks' loans proposed
May 27, 2010 00:41 EDT
Accounting board proposes tightened rules for banks to value loans; industry renews opposition. The rule-setting board for corporate accounting on Wednesday proposed tightened rules that would force banks to value loans at current prices, prompting renewed opposition from the banking industry over a long-simmering issue.
Accounting board's lobbyists stress independence
Jun 26, 2009 03:39 EDT
Accounting board, with history of pressure from Congress, lobbying for independence. The rule-setting board for corporate accounting has a rocky history of bumping up against lawmakers often acting at the behest of powerful business interests. It has been criticized by some as spineless in the face of pressure from Congress.
FASB relaxes accounting rules for banks on assets
Apr 02, 2009 17:22 EDT
FASB relaxes accounting rules on asset values; could help banks but may undercut federal plan. The board that sets U.S. accounting standards on Thursday gave companies more leeway in valuing assets and reporting losses. The changes should help boost battered banks' balance sheets and financial stocks rallied on Wall Street, but the rules may undercut a new financial rescue program.
Proposed Changes Give Banks Leeway In Valuing Assets
Mar 16, 2009 12:30 EDT
The nation's chief accounting body on Monday proposed easing bookkeeping rules that some lawmakers and banks blame for accelerating write-downs in mortgage-backed securities, making the financial crisis even worse.
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