Accounting Roundup – May 2010

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04 Jun 2010

We have posted the May 2010 edition of Accounting Roundup published by Deloitte & Touche LLP (United States).

The newsletter covers United States and international accounting and auditing matters, including IASB-FASB convergence. Topics covered in this issue include:

Update – FASB/IASB Convergence

  • FASB and IASB Issue Joint Statement on Convergence; SEC Chairman Comments
Cash Flows
  • Effect of ASUs 2009-16 and 2009-17 on Presentation of Trade Receivable Financing Arrangements in the Statement of Cash Flows (as Revised)
Comprehensive Income
  • FASB Issues Proposed Guidance on Presentation of Comprehensive Income
Financial Instruments
  • FASB Issues Proposed ASU on Accounting for Financial Instruments
  • IASB Issues Exposure Draft on Fair Value Option for Financial Liabilities
Foreign Currency Matters
  • FASB Releases ASU on Foreign Currency Issues
Other Accounting
  • Representatives of the SEC, PCAOB, and FASB Testify Before Congress Regarding Accounting and Auditing Issues
  • FASB Announces Members of Not-for-Profit Advisory Committee
Other SEC Matters
  • SEC Issues Final Rule on Amendment to Municipal Securities Disclosure
  • SEC Proposes Consolidated Audit Trail System to Better Track Market Trades
  • SEC Launches New Web Page on Work Plan for Global Accounting Standards
Other Auditing
  • ASB Finalizes Clarified Auditing Standard on Laws and Regulations
  • AICPA Issues TPA on Compilation and Review Engagements
  • PCAOB Solicits Nominations for Standing Advisory Group
FASAB Matters
  • FASAB Issues Exposure Draft on Deferred Maintenance and Repairs
Other International
  • IASB Issues Annual Improvements to IFRSs
  • IASC Foundation Announces Appointments to IFRS Interpretations Committee
Click to view the May 2010 issue. You will find past issues of Accounting Roundup Here.


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