“Non-Qualified Mortgages”- Here we go again!!

Hi everyone, In this month’s blog, once again we are seeing an emergence of a new type of financial instrument, called the “Non-Qualified Mortgage” with the same high-risk characteristics as sub-prime mortgages.  Here we go again!! What is most disconcerting is its...

The Magic of PE 15

Hi everyone, Hope all is well.  Recently, a very interesting article about an expeditious approach to determine the fair value of stock was published.  I thought about it for a while and said to myself, it is worth summarizing for this month’s blog.  The credit for...

PCAOB New Comments on Financial Instruments

Hi everyone, As always, hope all is going great. I will continue where we left off regarding the new PCAOB’s staff guidance on the auditing the fair value of financial instruments. This second portion of the blog is dealing with “pricing services.”  According to...

PCAOB New Auditing Standards on Fair Value

Hi everyone, Hope all is going great.  This August blog which is one of two parts will address the never-ending saga of new standards for the fair value of financial instruments.  In Part 1, I will discuss the Public Company Oversight Accounting Board’s (PCOAB) new...