Topics covered in this issue include the following:

Financial Instruments

• FASB Invites Comments on IASB’s Hedge Accounting Proposals

Leases

• Boards Consider Feedback on Proposed Lease Standard

Pension and Other Postretirement Benefit Plans

• Pension Accounting Considerations Related to Change in Amortization Policy for Gains and Losses and in the Market-Related Value of Plan Assets

Other Accounting

• FAF Reappoints FASB Board Member to Second Term
• IASB Appoints New Board Member

Other SEC Matters

• SEC Adopts 2011 U.S. GAAP Financial Reporting Taxonomy
• CAQ Publishes Alert Reminding Auditors of EDGAR Signature Requirements
• SEC’s Focus on Compliance With Loss Contingency Disclosures
• SEC Proposes Rule on Security Ratings
• SEC Issues C&DIs on Say-on-Pay Requirements

Other Auditing

• AICPA Issues Proposal on Performing and Reporting on Peer Reviews of Compilations Performed Under SSARS 19
• AICPA Issues SSARS on Revised Applicability of Statements on Standards for Accounting and Review Services
• ASB Issues SAS to Revise Applicability of Existing Standard on Interim Financial Information
• AICPA Provides Guidance on Next-Generation SAS 70 Report

GASB Matters

• GASB Proposes Guidance on Applying Hedge Accounting Termination Provisions

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