Accounting Roundup – January 2007

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06 Feb 2007

We have posted the January 2007 Edition of Accounting Roundup published by Deloitte & Touche LLP (USA).

Topics covered in this issue include:

FASB Developments

  • Cleared Guidance on Implementation Issue B40 on securitised interests in prepayable financial assets
  • Proposed FSP for Computing Diluted EPS
  • Invitation to Comment on Valuation Guidance
  • FASB Decides Not to Delay Interpretation 48 on uncertainty in income taxes
  • FASB Establishes Investors Technical Advisory Committee
  • Herz Reappointed as FASB Chairman

AICPA Developments

  • AICPA Issues Audit Risk Alerts
  • ASB Issues SAS 114 The Auditor's Communication With Those Charged With Governance
  • AICPA Issues Framework for Reporting Deficiencies to Insurance Regulators

SEC Developments

  • SEC Letter on Filing Restatements for Errors in Accounting for Stock Option Grants
  • SEC Proposed Rule on Universal Internet Availability of Proxy Materials
  • Government Agencies Issue Final Statement on Complex Structured Finance Activities
  • SEC Issues Q&As on Executive Compensation and Related Person Disclosure

PCAOB Developments

  • PCAOB Observations on Auditors' Responsibilities With Respect to Fraud

International Developments

  • IASB Issues Exposure Draft on Proposed Amendments to IFRS 1
  • IASB and FASB Hold Roundtable Discussions on Measurement
Click for Full Issue (PDF 245k).
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