The year 2023 has been a turbulent one for the global financial markets, as a series of events have shaken the confidence of investors and regulators alike. Here are some of the key developments that have shaped the financial landscape so far: - The collapse of Silicon Valley Bank (SVB), one of the largest lenders to tech startups, triggered a wave of bank failures and credit crunches across the U.S. and Europe. The bank was unable to meet its obligations after a massive frau

In August of this year, the FASB released an amendment to the derivatives accounting rules setting out changes that should, for the most par

Never mistake brains for a bull market.

The basic premise of accounting is the accurate disclosure of information to allow the market to make informed judgments about firm value. S