Accounting Roundup: February 2011
Published on:
03 Mar 2011
Topics covered in this issue include the following:
Financial Instruments
- FASB Invites Comments on IASB’s Hedge Accounting Proposals
Leases
- Boards Consider Feedback on Proposed Lease Standard
Pension and Other Postretirement Benefit Plans
- Pension Accounting Considerations Related to Change in Amortization Policy for Gains and Losses and in the Market-Related Value of Plan Assets
Other Accounting
- FAF Reappoints FASB Board Member to Second Term
- IASB Appoints New Board Member
Other SEC Matters
- SEC Adopts 2011 U.S. GAAP Financial Reporting Taxonomy
- CAQ Publishes Alert Reminding Auditors of EDGAR Signature Requirements
- SEC’s Focus on Compliance With Loss Contingency Disclosures
- SEC Proposes Rule on Security Ratings
- SEC Issues C&DIs on Say-on-Pay Requirements
Other Auditing
- AICPA Issues Proposal on Performing and Reporting on Peer Reviews of Compilations Performed Under SSARS 19
- AICPA Issues SSARS on Revised Applicability of Statements on Standards for Accounting and Review Services
- ASB Issues SAS to Revise Applicability of Existing Standard on Interim Financial Information
- AICPA Provides Guidance on Next-Generation SAS 70 Report
GASB Matters
- GASB Proposes Guidance on Applying Hedge Accounting Termination Provisions