Accounting Roundup – January 2008

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06 Feb 2008

We have posted the January 2008 Edition of Accounting Roundup published by Deloitte & Touche LLP (USA).

Topics covered in this issue include:

FASB Developments

  • FASB Issues FSP on Deferral of Interpretation 48 for Nonpublic Enterprises
  • FASB Approves Two Clarifications on Applying the Shortcut Method
  • FASB Launches Accounting Standards Codification for Verification
  • FASB Proposes Guidance on Measuring the Fair Value of Liabilities
SEC Developments
  • SEC Amends Proxy Rules to Facilitate Electronic Shareholder Forum
  • SEC Issues Clarification on Accounting Associated With the Streamlined Foreclosure and Loss Avoidance Framework
PCAOB Development
  • PCAOB Adopts Auditing Standard 6 on Evaluating Consistency of Financial Statements
GASB Development
  • FAF Requests Comments on Proposed Changes to the Oversight, Structure, and Operations of the FAF, FASB, and GASB
International Developments
  • IASB Revises Accounting for Business Combinations and Noncontrolling Ownership Interests
  • IASB Amends IFRS 2 on Share-Based Payments
  • IFRIC Proposes Guidance on Distributions of Noncash Assets to Owners
  • IFRIC Proposes Guidance on Accounting for Customer Contributions
Other Developments
  • GAO Issues Auditing Implementation Tool
  • Audit Firm CEOs Propose Framework for Principles-Based Accounting Standards
Click to view January 2008 Edition of Accounting Roundup (PDF 307k).
You will find past issues of Accounting Roundup Here.


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