This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
  • SEC (US Securities and Exchange Commission) (dark gray) Image
  • SEC staff issues guidance on amendments to Regulation A

    Jun 26, 2015

    The SEC staff has guidance (Amendments to Regulation A: A Small Entity Compliance Guide) on its March 2015 amendments to Regulation A. The amendments, which were issued to implement Section 401 of the Jumpstart Our Business Startups Act, exempt certain offerings from registration under the Securities Act of 1933.

  • FASB (US Financial Accounting Standards Board) (blue) Image
    IASB (International Accounting Standards Board) (blue) Image
  • Highlights from the FASB’s and IASB’s June 22 meeting

    Jun 24, 2015

    At their June 22, 2015, joint meeting, the FASB and IASB discussed questions that have arisen regarding the implementation of the principal-versus-agent considerations in ASC 606 and IFRS 15, “Revenue From Contracts With Customers.”

  • EITF meeting (mid blue) Image
  • EITF discusses five issues at June meeting

    Jun 19, 2015

    At its meeting yesterday, the EITF discussed issues related to (1) application of the normal purchases and normal sales scope exception to certain electricity contracts, (2) employee benefit plan simplifications, (3) effect of derivative contract novations on existing hedge accounting relationships, (4) contingent put and call options in debt instruments, and (5) classification of certain cash receipts and cash payments.

  • IASB document (dk green) Image
  • IASB proposes amendments to pension accounting

    Jun 18, 2015

    The IASB has published an exposure draft (ED), “Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund From a Defined Benefit Plan,” that proposes narrow-scope amendments to the pension accounting requirements in IAS 19, “Employee Benefits,” and IFRIC 14, “IAS 19 — The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction.”

  • SEC (US Securities and Exchange Commission) (dark gray) Image
  • SEC updates EDGAR filer manual and technical specifications

    Jun 15, 2015

    The SEC has implemented Release 15.2 of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system filer manual. The release updates volume II of EDGAR as well as several XML technical specifications, including those related to EDGARLink online, EDGAR ABS, and EDGAR Regulation A.

  • GASB document (blue) Image
  • GASB issues proposal on irrevocable split-interest agreements

    Jun 12, 2015

    The GASB has issued an exposure draft, “Accounting and Financial Reporting for Irrevocable Split-Interest Agreements,” that would enhance the comparability of governmental financial statements by providing “recognition and measurement guidance for circumstances in which a government is a beneficiary of the [split-interest] agreement.”

  • SEC2 Image
  • SEC staff to release “no-review” letters for certain registration statements

    Jun 12, 2015

    The staff in the SEC´s Division of Corporation Finance has announced that beginning July 1, 2015, it will release, through the EDGAR system, correspondence with issuers regarding registration statements filed under the Securities Act of 1933 that the SEC staff has not selected for review. In the past, such “no-review” letters have been released only upon a request under the Freedom of Information Act.

  • FASB meeting (blue) Image
  • Highlights from the FASB’s June 10 meeting

    Jun 11, 2015

    At its June 10, 2015, meeting, the FASB continued deliberating its May 2010 proposed ASU on accounting for financial instruments, derivative instruments, and hedging activities. Specifically, the Board discussed hedging benchmark interest rates and gave its preliminary views on overall changes to the hedge accounting model.

  • Meeting (mid blue) Image
  • FASB and ASBJ hold biannual meeting

    Jun 10, 2015

    On June 8–9, 2015, the FASB met with the Accounting Standards Board of Japan (ASBJ) in Norwalk, Connecticut. The meeting is the 18th in a series of biannual meetings the two standard setters hold to further their “cooperative efforts to develop high-quality global accounting standards.”

News RSS Feed  Link
 
  • Heads Up — IASB proposes revisions to its conceptual framework Image
  • Heads Up — IASB proposes revisions to its conceptual framework

    published Jun 26, 2015

    This Heads Up discusses the IASB’s exposure draft "Conceptual Framework for Financial Reporting." The purpose of the proposal is to clarify, update, and fill in gaps in the IASB’s existing framework, which addresses a range of fundamental accounting topics, such as determining what is an asset or liability.

  • EITF Snapshot — June 2015 Image
  • EITF Snapshot — June 2015

    published Jun 19, 2015

    This issue summarises the topics discussed and conclusions reached at the 18 June 2015 meeting of the Emerging Issues Task Force.

  • IFRS in your pocket 2015 Image
  • IFRS in your pocket 2015

    published Jun 18, 2015

    The 2015 edition of our popular guide to IFRSs includes background information on the structure and workings of the IASB, analysis of the use of IFRSs around the world, summaries of all current Standards and Interpretations, and up-to-date details of IASB and IFRIC agenda projects.

  • Heads Up — FASB issues proposed ASU to amend equity method accounting Image
  • Heads Up — FASB issues proposed ASU to amend equity method accounting

    published Jun 16, 2015

    This Heads Up summarizes the FASB’s recently issued proposed Accounting Standards Update on equity method accounting, which is part of the Board’s simplification initiative (i.e., its effort to reduce the cost and complexity of current U.S. GAAP while maintaining or enhancing the usefulness of the related financial statement information). The proposal would amend the accounting for equity method investments, eliminating the requirements for an investor to (1) account for basis differences related to its equity method investees and (2) retroactively account for an investment that becomes newly qualified for use of the equity method because of an increased ownership interest as if the equity method had been applied during all previous periods in which the investment was held.

  • Audit Committee Brief — June 2015  Image
  • Audit Committee Brief — June 2015

    published Jun 16, 2015

    This edition highlights recent news items, publications, articles, and other topics of interest to audit committee members, with links for further information.

  • More publications
  • Publication RSS Feed  Link
     

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.