A Possible Case Of Fudging Profit To Match Desires

Article Abstract:

A report from the Office of Federal Housing Enterprise Oversight questions the accounting practices of the Federal National Mortgage Association. The mortgage company did not always comply with rules regarding derivative securities, resulting in misleading financial statements.

Author: Norris, Floyd
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Reporting & Disclosure, Reports, FNM, Mortgage banks, Financial statements, Accounting procedures, United States. Department of Housing and Urban Development. Office of Federal Housing Enterprise Oversight, Federal National Mortgage Association

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Audit Board Delays Rule On Options As Expenses

Article Abstract:

The Financial Accounting Standards Board has extended the deadline for companies to start deducting the value of employee and executive stock options from their profits.

Author: Norris, Floyd
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
Interpretation and construction, Stock options, Valuation

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4 European Nations Object To Bank Accounting Shift

Article Abstract:

Bankers in France, Belgium, Italy and Spain object to the International Accounting Standards Board rules on disclosure.

Author: Norris, Floyd
Publisher: The New York Times Company
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
Financial management, Banking industry, Company investment, Investments, International aspects, European Union, International Accounting Standards Board

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Subjects list: Standards, United States, Laws, regulations and rules, Accounting and auditing, Government regulation, Accounting, Financial Accounting Standards Board, Accounting law
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