Accounting Roundup – third quarter 2010 review
05 Oct 2010
We have posted Accounting Roundup: Third Quarter in Review–2010, prepared by the Accounting Standards and Communications Group of Deloitte LLP (USA).
This newsletter provides brief descriptions of pronouncements affecting accounting, financial reporting, and corporate governance issued during 3Q-2010 by standard setters and regulators including FASB, EITF, AICPA, SEC, FASAB, PCAOB, GASB, IASB, IFRIC, and IAASB. This quarterly review consists of articles, adapted as necessary, from issues of Accounting Roundup published in July and August 2010, as well as new articles for the month of September. You will find past issues Here. International and IFRS-related developments covered in this edition of Accounting Roundup include:
- Consolidation: FASB roundtable to solicit input on the IASB Staff Draft on Consolidated Financial Statements
- Extractive Activities — Mining: Proposed guidance issued by the IFRS Interpretations Committee
- Fair Value Measurement and Disclosures: IASB Staff Draft
- Financial Services — Insurance: IASB Exposure Draft on Insurance Contracts
- Income Taxes: Proposed amendment to IAS 12
- Leases: Proposed guidance from the IASB and FASB on lease accounting
- Presentation of Financial Statements: Proposed changes to financial statement presentation, and proposed amendments to IFRS 1
- SME Implementation Group: IFRS Foundation appoints members
- XBRL: IFRS taxonomy updated for Improvements to IFRSs