Accounting Roundup – May 2008

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06 Jun 2008

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

Topics covered in this issue include:

FASB Developments

  • FASB Eliminates Inconsistencies in Financial Guarantee Insurance Contracts
  • FASB Issues Statement Establishing GAAP Hierarchy
  • FASB Tightens Convertible Debt Accounting for Issuers
  • FASB Issues FSP on Consolidation and Equity Method Guidance for Not-for-Profit Organizations
  • FASB and IASB Issue Two Conceptual Framework Documents
  • FASB Proposes FSP on Credit Derivative and Guarantee Disclosures
  • FASB Proposes FSP on Fair Value Accounting for Trading Inventory
  • FASB Seeks Additional Comments on October 2006 Exposure Draft, Not-for-Profit Organizations: Mergers and Acquisitions
  • FASB Authors Article About Fair Value
  • Valuation Resource Group Discusses Four New Topics and Status of Prior Issues
SEC Developments
  • SEC Expands the Definition of Eligible Portfolio Companies Under the Investment Company Act of 1940
  • SEC Proposes Rule on Interactive Data
  • SEC Proposes Rule on Cross-Border Transactions
  • SEC Publishes Small Entity Compliance Guide on Internet Availability of Proxy Materials
  • SEC Financial Reporting Advisory Committee Releases Updated Progress Reports
AICPA Developments
  • AICPA Recognizes IASB as Standard Setter
  • AICPA Issues Two Proposed Redrafted Statements on Auditing Standards
GASB Developments
  • GASB Adds New Projects to Agenda
International Development
  • IASB Issues Annual Improvements to International Standards
  • IASB and FASB Issue Two Conceptual Framework Documents
Other Developments
  • CAQ SEC Regulations Committee Meets With SEC Staff
Click to view May 2008 Edition of Accounting Roundup (PDF 340k). You will find past issues of Accounting Roundup Here.


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