Accounting is an art, not a science.

Alex J. Pollock was interviewed by Institutional Risk Analytics to discuss his ideas for abolishing the Financial Accounting Standards Board and the need for meaningful financial reform legislation.

The notion that accounting standards are purely objective matters for "experts" is simply wrong.

Companies should be permitted to publish pre-fair-value accounting statements as well as marked-to-market balance sheets, which would offer investors multiple perspectives on firms' financial health.

Bank of America is the latest victim of the conceptual incoherence and labyrinthine demands of FAS 133, the U.S. accounting standard for derivatives.

Sarbanes-Oxley Act is bad for investors and for the international competitiveness of American business and American capital markets.

A list of AEI scholars available to comment on the new Fannie Mae report.

The conceptual deficiencies of the fair value accounting theory make it a poor choice for most companies as an accounting standard.