The newsletter (PDF 147k) is developed by Deloitte's Global IFRS and Offerings Services (GIOS) team – Deloitte practitioners assisting non-US companies and non-US practice office engagement teams in applying US GAAP and IFRSs and in complying with the SEC's financial reporting rules. The GIOS Newsletter is an update on relevant GAAP, regulatory, and other matters, webcasts, and publications, with hyperlinks to source material. Past GIOS Newsletters are here.

In this issue of the GIOS newsletter:

IFRS Matters

• SEC Issues Proposed Roadmap for Use of IFRS by US Issuers
• IASB Reveals Steps in Response to Credit Crisis
• FASB and IASB Issue Discussion Paper on Financial Statement Presentation
• IASB Permits Reclassification of Certain Financial Instruments
• IASB Proposes Amendments to Financial Instrument Disclosure Requirements
• IASB Issued Educational Guidance on Fair value Measurements

• SEC Clarifies Guidance on Impairment of Perpetual Preferred Securities
• SEC Comments on Executive Compensation Disclosures
• SEC Holds Roundtable on Transparent Disclosures
• SEC Begins Study of Mark-to-Market Accounting

• FASB's Valuation Resource Group Discusses Nine Fair Value Topics

• PCAOB Proposes Seven Auditing Standards on Risk Assessment

• FASB and IASB Announce Joint Response on Credit Crisis