Accounting Roundup – August 2007

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07 Sep 2007

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

Topics covered in this issue include:

FASB Developments

  • FASB Proposes FSP on Convertible Debt Instruments
  • FASB Invites Comments for an Agenda Proposal on Accounting for Insurance Contracts
  • FASB Removes FSP on Quantifying Misstatements From Agenda
AICPA Developments
  • AICPA Issues SSARS
  • AICPA Proposes SSARS-Defining Professional Requirements
  • AICPA Professional Ethics Executive Committee Issues Proposed Guidance on Network Firms
  • AICPA Professional Ethics Division Issues FAQ on the Independence Impact of Providing Interpretation 48 Services to an Attest Client
SEC Developments
  • SEC Issues Concept Release on Giving US Issuers the Choice to Apply IFRSs
  • SEC Updates Compliance and Disclosure Interpretations
  • SEC Proposes to Revise Limited Offerings Exemptions in Regulation D
  • SEC Issues Final Rule to Define 'Significant Deficiency'
  • SEC's Office of the Chief Accountant Updates FAQs on Auditor Independence
  • SEC Adopts Revisions to EDGAR Filer Manual
  • First Meeting of the SEC Advisory Committee on Improvements to Financial Reporting
  • SEC Issues Letter Clarifying Servicers' Ability to Make Loan Modifications
FASAB Developments
  • Proposed Statement on Reporting Gains and Losses From Changes in Assumptions
International Developments
  • IASB and ASBJ Agree on Achieving Convergence by 2011
  • IFRIC Clarifies Effects of Interpretation 14
Click to view August 2007 Edition of Accounting Roundup (PDF 269k). You will find past issues of Accounting Roundup Here.


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