Why Didn't FASB Just Say So?
Using Operating Cash Flow to Detect Earnings Problems

SEC Chairman Mum on Accounting Issues

"SEC chairman Mary Schapiro’s view of international accounting standards and other accounting questions remains something of a mystery...

With just two weeks left for the public to comment on the Securities and Exchange Commission’s proposed roadmap for adopting International Financial Reporting Standards, SEC chairman Mary Schapiro’s own views on the topic, as well as some other prominent accounting issues, remain largely a matter of guesswork and speculation. The roadmap, which would convert all publicly traded companies in the U.S. to IFRS by 2016, was the brainchild of Schapiro’s predecessor,Republican chairman Christopher Cox..."
read entire article

Source: CFO