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.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.