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Financial Reporting Alerts

Financial Reporting Alerts are issued as warranted and highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action by our professionals and clients or that may affect current financial reporting and disclosure.

Related Publications

  • Financial Reporting Alert 13-1, Accounting for the business income tax provisions in the American Taxpayer Relief Act of 2012

    Jan 10, 2013

    This Deloitte (United States) publication discusses the American Taxpayer Relief Act of 2012 (the “Act”), which permanently extends the reduced Bush-era income tax rates for lower- and middle-income taxpayers, allows the top rates on earned income and investment income to rise for wealthier households, permanently “patches” the individual alternative minimum tax, and increases the estate and gift tax rate for high-value estates. The Act also extends through 2013 an array of temporary business and individual tax provisions.

  • Financial Reporting Alert 12-6, Financial reporting considerations related to pension and other postretirement benefits

    Nov 27, 2012

    This Deloitte (United States) publication, which updates Financial Reporting Alert 11-6, highlights accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans. New topics addressed in this update are (1) new disclosure requirements for multiemployer plans, (2) financial reporting considerations resulting from health care legislation, and (3) the relationship between the discount rate and medical trend rate for other postretirement benefit plans.

  • Financial Reporting Alert 12-5, Financial reporting implications related to Hurricane Sandy

    Nov 07, 2012

    The purpose of this alert (and attached practice guide) is to highlight some of the financial reporting implications of the natural disaster for affected entities reporting under U.S. GAAP. Such entities may include those with principal operations in the affected area of the United States or those with ancillary operations, interests, or major supplies in the region. In addition, insurance entities may experience significant losses as a result of the natural disaster.

  • Financial Reporting Alert 12-1, Accounting for eurozone sovereign debt holdings

    Jan 12, 2012

    Deloitte (United States) issued an alert regarding the impairment of Greek government bonds (GGBs) and debt issued by other eurozone states. The alert notes that under US GAAP and IFRSs, GGBs and other loans that are issued by the Greek state are impaired (other-than-temporarily impaired in the case of GGBs) as of 31 December 2011. The alert provides guidance on the measurement of the impairment loss for the different types of investment.

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