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  • FAF president discusses diversity in accounting

    Sep 26, 2014

    The FAF has issued the October/November edition of its column, “From the President’s Desk,” by FAF President and CEO Terri Polley. The column explores how to promote diversity within the accounting profession.

  • SASB issues provisional transportation standards

    Sep 24, 2014

    The SASB has issued provisional standards for the transportation sector. The standards are the fifth set in a planned series of industry-related SASB standards on accounting for environmental, social, and governance issues that could be material to a corporation’s performance. The standards focus on material sustainability matters that corporations are already required to disclose in their Form 10-K or 20-F filings with the SEC.

  • FASB meets to discuss its hedging project

    Sep 23, 2014

    At today’s meeting, the FASB discussed the future direction of its hedging project. The FASB staff presented to the Board a summary of feedback received on the hedging sections of its 2010 proposed ASU, “Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities.”

  • PCAOB issues practice alert on going concern

    Sep 23, 2014

    The PCAOB has issued Staff Audit Practice Alert No. 13, "Matters Related to the Auditor’s Consideration of a Company’s Ability to Continue as a Going Concern.”

  • EITF discusses four Issues at September meeting

    Sep 19, 2014

    At its meeting yesterday, the EITF discussed Issues related to pushdown accounting, hybrid financial instruments, dropdown transactions related to master limited partnerships, and the fair value hierarchy.

  • GASB seeks feedback on effectiveness of Statement 34

    Sep 19, 2014

    The GASB has prepared a survey to gather information on the effectiveness of Statement No. 34, “Basic Financial Statements — and Management’s Discussion and Analysis — for State and Local Governments,” and related standards.

  • Summary of the September 2014 PCC meeting

    Sep 18, 2014

    At its meeting this week, the FASB’s Private Company Council (PCC) voted to finalize an “alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and customer-related intangible assets that are not capable of being sold or licensed independently in a business combination.” The alternative will be sent to the FASB for endorsement.

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