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February 2006 Accounting Roundup is available

  • Accounting Roundup Image

08 Mar 2006

We have posted the (PDF 259k) published by Deloitte & Touche LLP (USA).

Topics covered in this issue:

  • FASB Developments including a final Statement on accounting for hybrid financial instruments; FASB's response to the SEC study on off-balance-sheet arrangements; and the up FASB-IASB memorandum of understanding.
  • GASB Developments including a proposed Technical Bulletin on reporting of Medicare payments.
  • AICPA Developments including an Alert on the SEC's position regarding changes to the statement of cash flows relating to discontinued operations; new auditing standards for non-public companies; a new Conceptual Framework for Independence Standards and a revised Interpretation on Responding to Clients' Requests for Records; and new Financial Reporting and Audit Risk Alerts.
  • SEC Developments including the SEC's extension of its deadline for companies to volunteer for participation in an XBRL initiative.
  • PCAOB Developments including an Auditing Standard on Reporting on the Elimination of a Material Weakness; and a request for feedback on internal control reporting requirements.
  • International Developments including IASB's proposed amendment to IFRS 2 Share-based Payment.
Click here for Past Issues of Accounting Roundup.

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