Accounting Roundup – January 2009

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04 Feb 2009

We have posted the January 2009 Edition of Accounting Roundup published by Deloitte & Touche LLP (United States).

The newsletter is now organised by topic rather than by standard-setter. Topics covered in this issue include:
Investment in Debt and Equity Securities
  • FASB Issues Amendments to OTTI Model for Certain Investments in Securitization
Derivative Instruments and Hedging Activities
  • FASB Issues Proposed Derivatives Implementation Guidance
  • SEC Provides Temporary Exemptions for Eligible Credit Default Swaps
  • IASB Proposes Amendments to Clarify the Accounting for Embedded Derivatives
Debt (Issuer Accounting)
  • CAQ Issues White Paper on Loan Modifications
Fair Value Measurements
  • FASB Issues Proposed FSP on Interim Disclosures About Fair Value of Financial Instruments
  • AICPA Issues Draft Issues Paper on Alternative Investments
  • SEC Finalizes Study of Mark-to-Market Accounting
Consolidations
  • IASB Proposes New Consolidation Standard
Income Taxes
  • FASB Issues FSP on Deferral of Interpretation 48
Pensions and Other Postemployment Benefits
  • FASB Expands Disclosures About Postretirement Plan Assets
Revenue Transactions - General
  • FASB and IASB Issue Discussion Paper on Revenue Recognition
  • IFRIC Issues Interpretation on Customer Contributions
Other Accounting
  • AICPA Issues Technical Practice Aid on Prospective Unlocking
  • AICPA Issues Technical Practice Aid on Nonregistered Investment Partnerships
  • AICPA Issues Technical Practice Aid on Determining Financial Statement Preparer
  • FASAB Releases Exposure Draft on GAAP Hierarchy for Federal Entities
  • IASC Foundation Publishes 2009 IFRS XBRL Taxonomy for Public Comment
  • IASB Reexposes Proposed Standard on Related Parties
Other SEC Matters
  • SEC Approves Revisions to Modernize Oil and Gas Reporting Requirements
  • SEC Approves Rules Requiring Registrants to Submit Interactive Data
  • SEC Issues Rule to Define 'Annuity Contract' and 'Optional Annuity Contract'
  • SEC Issues Final Rule on Disclosures and Prospectus Delivery for Certain Mutual Funds
  • SEC Issues Report on 21st Century Disclosure Initiative
  • SEC Issues New Compliance and Disclosure Interpretations
Other Auditing
  • PCAOB Issues Statement on Registration for Auditors of Nonpublic Broker-Dealers
  • PCAOB Issues Staff Guidance on Auditing ICFR for Smaller Public Companies
  • AICPA Issues Proposed SASs on Required Supplementary and Other Information
  • AICPA Issues Proposed SAS on Compliance Audits
  • AICPA Issues SAS Clarifying Audit Documentation
  • AICPA Issues Interpretation on Reporting on the Design of Internal Controls
Other Developments
  • GAO Releases Study of the U.S. Financial Regulatory System
Click to view the Accounting Roundup — January 2009 (PDF 293k, 31 pages). You will find past issues of Accounting Roundup Here.

 

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