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  • Meeting (lt blue) Image
  • Highlights of the September 2018 Not-for-Profit Advisory Committee meeting

    Sep 21, 2018

    At its September 13–14, 2018, meeting, the FASB’s Not-for-Profit Advisory Committee (NAC) discussed (1) contributions received and contributions made, (2) implementation issues related to certain FASB ASUs, (3) updating the definition of “collections,” and (4) other recently issued ASUs and ongoing FASB projects.

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  • FASB staff proposes taxonomy improvements

    Sep 17, 2018

    The FASB staff has proposed taxonomy enhancements — including technical and other conforming improvements — related to the 2019 draft versions of the U.S. GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy.

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  • SEC to discontinue return copies of EDGAR submissions

    Sep 12, 2018

    The SEC has announced that in Release 18.3 of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system filer manual, it will “cease providing filers with access to return copies of EDGAR submissions, even if a return copy is requested as part of the submission process.”

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  • SEC modifies expiration date for tick size pilot program

    Sep 10, 2018

    The SEC has issued a statement announcing a change in the expiration date of its tick size pilot program, which began on October 3, 2016, and is “a two-year pilot program that would widen the minimum quoting and trading increments — or tick sizes — for stocks of certain smaller companies.”

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  • Highlights of the FASB’s September 5 meeting

    Sep 07, 2018

    At its September 5, 2018, meeting, the FASB discussed its projects on (1) Codification improvements to the guidance on financial instruments and (2) variable interest entities.

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  • Highlights of the FASB’s August 29 meeting

    Aug 31, 2018

    At its August 29, 2018, meeting, the FASB discussed its projects on (1) inclusion of the OIS rate based on the SOFR as a benchmark interest rate for hedge accounting purposes and (2) credit loss implementation.

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  • Audit Committee Brief — September 2018

    published Sep 19, 2018

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

  • A Roadmap to Consolidation — Identifying a Controlling Financial Interest (2018) Image
  • A Roadmap to Consolidation — Identifying a Controlling Financial Interest (2018)

    published Sep 14, 2018

    This publication reflects changes in the consolidation landscape introduced by the FASB’s issuance of ASU 2015-02 in February 2015. The changes made in the 2018 edition of the Roadmap were primarily editorial (e.g., to clarify or expand on existing text). In addition, the Roadmap was updated to reflect (1) the issuance of ASU 2017-02, which clarifies the circumstances in which a not-for-profit entity that is a general partner or limited partner would consolidate a for-profit limited partnership or similar entity, and (2) the current status and content of the FASB’s proposed ASUs on related parties and the proposed reorganization of the consolidation guidance.

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  • A Roadmap to Distinguishing Liabilities From Equity (2018)

    published Sep 13, 2018

    This Roadmap provides an overview of the guidance in ASC 480-10 as well as insights into and interpretations of how to apply it in practice. ASC 480-10 requires (1) issuers to classify certain types of shares of stock and certain share-settled contracts as liabilities or, in some circumstances, as assets and (2) SEC registrants to classify certain types of redeemable equity instruments as temporary equity. The 2018 edition of the Roadmap reflects changes to the guidance introduced by the FASB’s issuance of ASU 2018-07, which amends the ASC 480-10 scope exception for obligations under share-based payment arrangements, and ASU 2018-09, which conforms the guidance on certain freestanding options involving noncontrolling interests in ASC 480-10-55 with the guidance in FASB Statement 150 and ASC 480-10-25-15.

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  • IFRS on Point — August 2018

    published Sep 13, 2018

    IFRS on Point, published at the beginning of each month, highlights critical IFRS-related financial reporting developments.

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