What “changes in the auditing and regulatory environments” would be needed in the U.S. so that “second guessing of preparers and auditors” can be minimized, if IFRS is adopted? Do you think these changes can occur concurrently with IFRS adoption, especially in a litigious society, such as the U.S.?
If cash taxes paid are already disclosed by firms, what additional benefit for investors and other interested parties would there be in requiring firms to disclose to whom they paid the tax?
Should the SEC have authority to investigate fraud in Chinese firms who list their shares in the U.S.?
Who cares, and why do they, whether intangibles are expensed or capitalized? What is the downside of capitalization?
In bankruptcy, should bondholders come first or pensioners? What are the implications of your choice?
What is the purpose of regulation? How much regulation is “too much”? What are the implications of too much or too little regulation?
