Accounting Roundup – February 2008

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05 Mar 2008

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

Topics covered in this issue include:

FASB Developments

  • FASB Partially Defers Effective Date of Fair Value Statement 157
  • FASB Excludes Leases From Scope of Fair Value Statement 157
  • FASB Indefinitely Defers SOP 07-1 Affecting Investment Company Accounting
  • FASB Issues FSP Under Which Repurchase Financing Activities May Be Derivatives
  • FASB Proposes FSP on Net Asset Classification of Endowment Funds
  • FASB Proposes FSP on Fresh-Start Reporting
  • FASB Reduces Board Members From Seven to Five
  • FASB's Valuation Resource Group Discusses Six Topics
  • FASB Discusses Changes to Defined Benefit Plan Asset Disclosures and Other Matters
  • FASB's PCFRC Provides Input on Definitions of "Issuer" and "Nonissuer"
AICPA Development
  • AICPA Issues Revisions to Accounting and Review Services Guidance
SEC Developments
  • SEC Issues Disclosure Rules for Smaller Companies
  • SEC Mandates Electronic Filing of Form D
  • SEC Votes on Foreign Private Issuer Rule Amendments
  • SEC Proposes One-Year Deferral of Section 404 Requirement for Smaller Public Companies
  • SEC Proposes Disclosure Requirements for Companies Implementing the Sudan Accountability and Divestment Act of 2007
  • SEC Financial Reporting Advisory Committee Releases Progress Report
  • SEC Launches 'Financial Explorer' to Help Investors Analyze Corporate Performance
PCAOB Development
  • PCAOB Proposes New Auditing Standard on Engagement Quality Reviews
International Developments
  • IASB Amends Financial Instruments Standard for Puttable Instruments and Obligations Arising on Liquidation
  • FASB Proposes to Narrow Definition of Equity; IASB Issues Discussion Paper Seeking Constituents' Views
Other Developments
  • Recent Tax Ruling Affects Tax Positions Related to Executive Compensation
Click to view February 2008 Accounting Roundup.
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