New Accounting Roundup is available
03 Aug 2005
We have posted (PDF 220k).
This newsletter, published by Deloitte & Touche LLP (United States), summarises recent accounting and financial reporting developments and provides Internet links to related content. This edition includes:
- FASB developments, including ED on uncertain tax positions; final FSPs on equity method when significant influence is lost and on control of limited partnerships; proposed FSPs on leveraged leases, capitalisation of rental costs during a construction period, and qualified SPEs; and a 'Milestone Draft' of decisions to date in the Liabilities and Equity project.
- EITF developments, including draft abstracts on controlling interests and purchases and sales of inventory with the same counterparty.
- SEC developments, including amendments of 'penny stock' rules and delisting rules and changes to EDGAR requirements for investment companies.
- PCAOB developments, including an auditing standard elimination of a material weakness and new ethics and independence rules. International developments, including withdrawal of IFRIC 3 on emission rights.