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Accounting Roundup – May 2007

  • Accounting Roundup Image

07 Jun 2007

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

Topics covered in this issue include:

FASB Developments

  • FASB Clarifies Settlement of a Tax Position in an Interpretation 48 FSP
  • Interpretation 46(R) FSP Issued for Investment Companies
  • Hedge Accounting Project Added to Agenda

AICPA Developments

  • Employee Benefit Plan Technical Practice Aids Issued
  • Framework for AICPA Code of Professional Conduct Exposure Draft
  • Proposed Revisions to Peer Review Standards
  • Discussion Paper on Improving Clarity of ASB Standards

SEC Developments

  • Management Guidance Provided on Sarbanes-Oxley Section 404
  • Rule Changes Proposed on Capital Raising and Disclosure Requirements for Smaller Companies
  • Extension of Comment Period for Proposed Broker-Dealer Rules
  • SEC Provides Research Guides for Securities Laws and Public Companies
  • Auditor Independence Brochure Made Available
  • SEC Staff Warns Securities Industry Firms of Imposters

PCAOB Developments

  • Auditing Standard Approved
  • PCAOB Holds International Auditor Regulatory Institute

GASB Developments

  • Statement on Pension Disclosures Issued

FASAB Developments

  • Exposure Draft on Accounting for Federal Oil and Gas Resources

International Developments

  • IASB Preliminary Views on Accounting for Insurance Contracts
  • US and European Union Agree to Work to Eliminate Financial Reporting Reconciliation

Other Developments

  • OMB Issues 2007 A-133 Compliance Supplement
  • Treasury Department Announces Initiatives to Improve Financial Reporting and Auditing Profession
You will find past issues of Accounting Roundup Here.

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