Non-GAAP earnings: International overview and suggestions for future research

This paper shows how non-generally accepted accounting principles (GAAP) earnings have been found to be more informative than GAAP earnings in several scenarios like countries where non-GAAP disclosures are compulsory and countries where these disclosures are voluntary but regulated

Public Policy Issues Raised by Bank Securities Activities

In this Article, the Securities Industry Association presents its perspectives on various legislative proposals currently being considered to redefine the role of commercial banks in the securities field. The author presents a history of the congressional policy that has defined permissible activities of commercial banks, and an overview of the securities activities of banks. The author then presents an examination of the various policy issues raised by bank participation in securities activities. The author concludes in calling for a reexamination of the Glass-Steagall Act and recommending that such a reexamination should proceed in the context of a comprehensive review of the laws and regulations bearing on the structure of financial institutions

Bank Securities Activities: Memorandum for Study and Discussion

A strong and vital United States Banking system is essential to the economic well being of this nation and, indeed, the economic stability of the world. Banks play a central role in international trade and finance and domestically provide the credit essential to the smooth flow of commerce. The importance of the role of banks in this country is underscored by the unique legal and regulatory framework in which they function. Because of this unique position, it is no small wonder that the American people have repeatedly demonstrated their determination to have a sound system of banking

Notice of proposal to issue a release in the accounting series regarding the use of public accountants\u27 names in connection with summary earnings tables included in registration statements filed under the Securities Act of 1933

Notice is hereby given that the Securities and Exchange Commission has under consideration a proposal to issue a release, pursuant to the Securities Act of 1933; particularly Sections 6, 1, 8, 10 and 19 (a), in its Accounting Series indicating the circumstances under which independent accountants may properly express an opinion, and the form of such opinion, with respect to summary earnings tables to be included in registration statements filed under the Securities Act of 1933

Adoption of rule 3-20 (d) of article 3 of regulation S-X

On February 25, 1953; the Commission announced, in Securities Exchange Act of 1934 Release No. 4803-X, that it had under consideration the adoption of a proposed rule concerning treatment of compensation in the form of stock options granted by corporations to their officers and employees. All interested persons were invited to submit views and comments on the proposal

Securities and Exchange Commission today announced the adoption of amendments to Rules 3-01, 3-02, 5-02, 5-04, 12-06, 12-08, and 12-14 of Regulation S-X

The Securities and Exchange Commission today announced the adoption of amendments to Rules 3-01, 3-02, 5-02, 5-04, 12-06, 12-08, and 12-14 of Regulation S-X. The changes made are part of a comprehensive revision of the reporting requirements designed to facilitate the furnishing of information with a minimum burden and expense

Disclosure concerning restricted securities

On October 21, 1969, the Commission issued a statement (Investment Company Act Release No. 5847; Accounting Series Release No. 113) which discusses the problems created by purchasing and holding restricted securities by such companies. One section of this release deals with The Problem of Disclosure and enumerates specific information regarding these securities which should be included in the financial statements

Securities and Exchange Commission today announced the adoption of an amendment to Rule 6-10 (a) (1) of Regulation S-X...

The Securities and Exchange Commission today announced the adoption of an amendment to Rule 6-10 (a) (1) of Regulation S-X so as to make the rule also applicable to schedule I (Investments in securities of unaffiliated issuers), thereby requiring such schedule to be filed only as of the date of the most recent balance sheet Instead of for each period for which a statement of income and expense is filed as presently required by Rule 6-10 (a) (2) of Regulation S-X