October 2005 Accounting Roundup

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05 Nov 2005

We have posted (PDF 250k).

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: Working draft of the Fair Value Measurements standard; final FSPs on determining grant date and on capitalisation of rental costs during a construction period; proposed FSPs on unrealised gains/losses on derivatives and on nontraditional loan products; 2005 FASAC survey; and summaries of recent FASB meetings.
  • GASB: Exposure Draft on sales and pledges of receivables and revenues.
  • AICPA: SOP on insurance contract acquisition costs; three Technical Practice Aids on recent natural disasters; and a practice alert on auditing variable interest entities.
  • International: IASB's discussion paper on management commentary.
  • Other: COSO's proposed internal control guidance for smaller businesses.
  • Adoption dates and deadlines – an eight-page chart of significant adoption dates and deadlines for the FASB, EITF, GASB, AICPA/AcSEC, SEC, PCAOB, and IASB/IFRIC.
You will find links to all past issues Here.

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