Global IFRS and Offerings Services newsletter

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04 May 2010

We have posted Deloitte's US Reporting Newsletter for Non-US Based Companies March 2010 Edition – includes news through 15 March 2010. The newsletter 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

  • IASB Reexposes Proposals for the Measurement of Liabilities in IAS 37
  • IASB Issues Limited Exemption Amendment to IFRS 1
  • IASC Foundation Proposes IFRS Taxonomy 2010
  • IFRIC Clarifies Accounting for Debt for Equity Swaps
  • IASB Amends IFRIC 14
  • New Members Appointed to the IASB
  • SEC Publishes Work Plan for Moving Forward With IFRSs for US Issuers
  • IASB Discusses Limited Project on Income Taxes
  • IFRS Tools


US GAAP Matters

  • FASB Issues Guidance on ASC 815 Scope Exception for Embedded Credit Derivatives
  • FASB Makes Decisions About Accounting for Financial Instruments
  • FASB and IASB Publish Exposure Draft on Reporting Entity Concept for the Conceptual Framework
  • FASB and IASB Make More Decisions About Financial Instruments With Characteristics of Equity
  • FASB Issues ASU to Defer Statement 167 for Certain Investment Funds
  • FASB Finalizes ASU on Subsequent Events
  • FASB Issues ASU Containing Technical Corrections to Various Codification Topics
  • FASB Clarifies Scope of Decrease-in-Ownership Provisions in ASC 810-10
  • FASB Issues ASU on Variable Interest Entities
  • FASB Issues Guidance on Accounting for Distributions to Shareholders With Components of Stock and Cash
  • FASB Deliberates Approach to Accounting for Credit Impairment and Interest Income
  • FASB Issues ASU on Escrowed Share Arrangements and the Presumption of Compensation
  • FASB Issues ASU on Accounting for Transfers of Financial Assets
  • FASB Updates Oil and Gas Reserve Estimation and Disclosure Requirements
  • SEC Staff Announcement on Foreign Currency Issues Related to Venezuela's Highly Inflationary Status
  • FASB Publishes Revised Notice to Constituents About the Codification
  • FASB Issues Technical Corrections to SEC Content
  • AICPA Issues Technical Practice Aids
  • FASB Ratifies Consensus-for-Exposure on Impact of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Primarily Trades
  • FASB Ratifies Consensus-for-Exposure on the Effect of a Loan Modification When the Loan Is Part of a Pool That Is Accounted for as a Single Asset
  • FASB Ratifies Consensus-for-Exposure on Casino Base Jackpot Liabilities
  • FASB Ratifies Consensus-for-Exposure on Consideration of an Insurer's Accounting for Majority-Owned Investments When the Ownership Is Through a Separate Account
  • EITF Proposes Clarification of the Definition of Deferred Acquisition Costs of Insurance Entities
  • FASB Ratifies Consensus-for-Exposure on Milestone Method of Revenue Recognition
  • FASB Issues ASU on Improving Disclosures About Fair Value Measurements


Other Matters

  • IRS Proposes Requiring Certain Taxpayers to Report Uncertain Tax Positions
  • Members of 'Blue-Ribbon Panel' Announced to Address Standards for Private Companies
  • FAF Appoints New Board Trustee
  • FAF to Maintain XBRL Taxonomy for U.S. GAAP
  • SEC Issues Final Rules IC-29132 and 33-9108
  • SEC Issues C&DIs Related to Regulation S-K and Form 8-K
  • AICPA ASB Issues Various Statements on Auditing Standards
  • AICPA ASB Issues Proposed Statements on Auditing Standards
  • SEC Approves PCAOB Auditing Standard 7
  • SEC Issues Interpretive Guidance on Disclosures Related to Climate Change
  • SEC Issues Compliance and Disclosure Interpretations on Non-GAAP Measures
  • SEC Issues Final Say-on-Pay Rules for TARP Companies
  • AICPA Issues Guidance on Compilation and Review Engagements
  • SEC Communications Available
  • PCAOB Reproposes Seven Auditing Standards on Risk Assessment



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