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  • FASB document Image
  • FASB staff proposes taxonomy improvements

    Jul 20, 2018

    The FASB staff has issued proposed taxonomy improvements related to (1) Accounting Standards Update (ASU) Nos. 2018-09, “Codification Improvements,” and 2018-10, “Codification Improvements to Topic 842, Leases,” and (2) the proposed ASU, “Updating the Definition of Collections.”

  • SEC document Image
  • SEC issues final rule on compensatory arrangements

    Jul 18, 2018

    The SEC has issued a final rule, “Rule 701 — Exempt Offerings Pursuant to Compensatory Arrangements,” which increases “from $5 million to $10 million the aggregate sales price or amount of securities sold during any consecutive 12-month period in excess of which the issuer is required to deliver additional disclosures to investors.

  • SEC document Image
  • SEC issues final rule to amend ATS regulations

    Jul 18, 2018

    The SEC has issued a final rule, “Regulation of NMS Stock Alternative Trading Systems,” that enhances “transparency and oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS Stock ATSs).”

  • FASB meeting Image
  • FASB discusses interim reporting disclosures

    Jul 12, 2018

    At its July 11, 2018, meeting, the FASB discussed its project on interim reporting disclosures and directed its staff to develop principles for interim disclosure and to conduct additional research related to the project.

  • IAC meeting Image
  • Investor Advisory Committee holds June 2018 meeting

    Jul 03, 2018

    At its June 28, 2018, meeting, the FASB’s Investor Advisory Committee (IAC) discussed emerging issues and trends, income tax reform, the FASB’s ongoing project efforts, and the FASB’s disclosure review research project.

  • PCC meeting Image
  • PCC holds June 2018 meeting

    Jul 03, 2018

    At its June 26, 2018, meeting, the Private Company Council (PCC) discussed feedback received on various topics from participants at recent Town Hall meetings as well as the EITF’s consensus on cloud computing, its outreach related to share-based compensation, revenue recognition implementation issues, the balance sheet classification of debt, and the FASB’s project to reorganize consolidation guidance.

  • FASB meeting Image
  • Highlights of the FASB’s June 27 meeting

    Jun 29, 2018

    At its June 27, 2018, meeting, the FASB discussed its projects on (1) consolidation reorganization and targeted improvements and (2) the conceptual framework. In addition, the Board ratified two EITF Issues.

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  • Audit Committee Brief — July 2018 Image
  • Audit Committee Brief — July 2018

    published Jul 18, 2018

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

  • Power and Utilities – Accounting, financial reporting, and tax research guide (2018) Image
  • Power and Utilities — Accounting, financial reporting, and tax research guide (2018)

    published Jul 17, 2018

    This publication discusses accounting, tax, and regulatory matters that are of interest to P&U entities, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Several sections of the publication have been expanded this year to concentrate on the impact of the Tax Cuts and Jobs Act that became law in December 2017 as well as accounting and reporting considerations related to the new leases and new revenue standards, including specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

  • Thinking Allowed — Cryptocurrency: Financial reporting implications Image
  • Thinking Allowed — Cryptocurrency: Financial reporting implications

    published Jul 16, 2018

    Cryptocurrencies have attracted the attention of many. From individuals who are interested in Blockchain and related processing activities or who want to invest in them, to retailers, corporate investors and investment funds, securities regulators, the banking sector, the accounting profession and Governments. The idea of a virtual currency that has no links to a jurisdiction and that exists in a public network, maintained on computers operated by a myriad of individuals, was not something that was anticipated when the International Accounting Standards Board (IASB) developed its current set of financial reporting requirements. In this paper we make some observations about cryptocurrencies and the current accounting requirements for those issuing, acquiring or holding cryptocurrency.

  • IFRS on Point — July 2018  Image
  • IFRS on Point — June 2018

    published Jul 13, 2018

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

  • Heads Up — ASC 606 Is Here — How Do Your Revenue Disclosures Stack Up? Image
  • Heads Up — ASC 606 is here — How do your revenue disclosures stack up?

    published Jul 11, 2018

    This Heads Up provides insight into Deloitte’s review of the disclosures in the public filings of a sample of companies that adopted the FASB’s new revenue standard (ASC 606) as of the first quarter of 2018. Entities may benefit from evaluating the disclosure trends we have observed as a result of this review.

  • sec bus combo Image
  • A Roadmap to SEC Reporting Considerations for Business Combinations

    published Jul 09, 2018

    This Roadmap combines the SEC’s guidance on reporting for business acquisitions — including acquisitions of real estate operations and pro forma financial information — with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format.

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    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.