Accounting Roundup for December 2005 posted

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11 Jan 2006

We have posted the (PDF 277k) published by Deloitte & Touche LLP (USA).

Topics covered in this issue include:

  • FASB developments, including final FSPs on (a) fully benefit-responsive investment contracts and (b) concentrations of credit risk in loan products; and a proposed FSP on amortisation and impairment of acquired renewable intangible assets.
  • GASB developments, including an Implementation Guide to Statement 44 on the Statistical Section.
  • AICPA developments, including TPAs on application of SOP 03-3 on acquired loans and debt securities; SAS 102 and SSAE 13 on defining professional requirements; SAS 103 on audit documentation; and the AICPA's 2005 Annual Conference on SEC and PCAOB Developments.
  • SEC developments, including amendment to accelerated filer definition and filing deadlines; an update of the SEC's Current Accounting and Disclosure Issues document; a proposed rule on internet availability of proxy materials; proposed amendments to the tender offer best-price rule; a proposed rule to ease delisting by foreign private issuers; and a request for comments on PCAOB Auditing Standard 4 on Reporting on Elimination of a Material Weakness.
  • International developments, including amendment to IAS 21 on net investments in foreign operations; updated IASB guidance on implementing IFRS 4 Insurance Contracts; and summaries of recent IASB and IFRIC meetings.
You will find past issues of Accounting Roundup Here.

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