Topics covered in this issue include the following:

Business Combinations

• FASB Issues ASU on Disclosures About Supplementary Pro Forma Information for Business Combinations

Financial Instruments

• IASB and FASB Issue Exposure Draft to Align Balance Sheet Offsetting Requirements
• FASB and IASB Propose Common Solution to Accounting for Impairment of Financial Assets

Receivables

• FASB Finalizes ASU Delaying Effective Date of Disclosures About TDRs by Creditors

Other Accounting

• FAF Announces 2011 U.S. GAAP Financial Reporting Taxonomy
• FAF Appoints New FASB Chairman
• FAF Appoints New FASB Members
• IASB Issues IFRS Taxonomy 2011 Exposure Draft
• Blue-Ribbon Panel Reports on Private-Company Accounting Standards

Other SEC Matters

• SEC Issues Final Rules on Asset-Backed Securities
• SEC Releases Studies on Investment Advisers and Broker-Dealers
• SEC Issues C&DIs Related to Changes in Accountants
• SEC Issues Final Rules on "Say on Pay" and "Say on Golden Parachutes"
• SEC Extends Comment Period for Specialized Disclosures

Other Auditing

• AICPA Issues Exposure Draft on Intended Use of an Auditor's Written Communication
• PCAOB Enters Into Cooperative Agreement With United Kingdom Audit Regulator
• SEC Appoints New PCAOB Board Members

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