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  • PCAOB (US Public Company Accounting Oversight Board) Image
  • PCAOB chairman to depart organization

    Aug 18, 2017

    SEC Chairman Jay Clayton has announced that PCAOB Chairman James Doty will be stepping down from his position as soon as his successor and new Board members are appointed.

  • Report document — Deloitte green Image
  • OCC updates its Bank Accounting Advisory Series

    Aug 18, 2017

    The Office of the Comptroller of the Currency (OCC) has updated its Bank Accounting Advisory Series (BAAS). The BAAS provides “views on accounting topics relevant to national banks and federal savings associations (collectively, bank or institutions, unless otherwise specified).”

  • FASB meeting Image
  • Highlights from the FASB’s August 2 meeting

    Aug 04, 2017

    At its August 2, 2017, meeting, the FASB discussed its projects on (1) long-duration insurance contracts, (2) leases implementation, and (3) asset acquisitions and business combinations.

  • AICPA (American Institute of CPAs) Image
  • AICPA issues three revenue working drafts

    Aug 02, 2017

    The AICPA’s revenue recognition task forces have released for public comment three working drafts on accounting issues associated with the implementation of the new revenue standard for depository and lending institutions, engineering and construction contractors, and power and utility entities.

  • EITF meeting Image
  • EITF discusses cloud computing arrangements at July meeting

    Jul 21, 2017

    At its July 20, 2017, meeting, the EITF discussed Issue No. 17-A, “Customer's Accounting for Implementation, Setup, and Other Upfront Costs (Implementation Costs) Incurred in a Cloud Computing Arrangement That Is Considered a Service Contract.”

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  • A roadmap to foreign currency transactions and translations (2017) Image
  • A roadmap to foreign currency transactions and translations (2017)

    published Aug 18, 2017

    This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance under ASC 830. Each chapter of the publication typically starts with a brief introduction and includes excerpts from ASC 830, Deloitte’s interpretations of those excerpts, and examples to illustrate the relevant guidance. The publication also addresses relevant SEC considerations and highlights from the meetings of the CAQ SEC Regulations Committee’s International Practices Task Force. In addition, the Roadmap identifies pending content (in certain circumstances) from recently issued ASUs.

  • Audit Committee Brief — August 2017 Image
  • Audit Committee Brief — August 2017

    published Aug 15, 2017

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

  • IFRS on Point — June 2017 Image
  • IFRS on Point — June 2017

    published Jul 26, 2017

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

  • Heads Up — FASB makes targeted changes to guidance on accounting for certain financial instruments with down-round features Image
  • Heads Up — FASB makes targeted changes to guidance on accounting for certain financial instruments with down-round features

    published Jul 21, 2017

    This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-11, which makes limited changes to the Board’s guidance on classifying certain financial instruments as either liabilities or equity. The ASU is intended to improve (1) the accounting for instruments with “down-round” provisions and (2) the readability of the guidance in ASC 480 on distinguishing liabilities from equity by replacing the indefinite deferral of certain pending content with scope exceptions.

  • EITF Snapshot — July 2017 Image
  • EITF Snapshot — July 2017

    published Jul 21, 2017

    This issue summarizes the topics discussed and conclusions reached at the July 20, 2017, meeting of the Emerging Issues Task Force.

  • Heads Up — Crisis averted Image
  • Heads Up — Crisis averted

    published Jul 20, 2017

    This Heads Up discusses the SEC staff’s announcement at the July 20, 2017 meeting of the Emerging Issues Task Force that the staff would not object to elections by certain public business entities (PBEs) to use the non-PBE effective dates for the sole purpose of adopting the FASB’s new standards on revenue and leases.

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