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


  • 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


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