The attached issue of Accounting Roundup presents brief descriptions of pronouncements and other regulatory and professional developments in accounting and financial reporting that occurred during January 2008. Topics covered in this issue include the following: FASB Developments FASB Issues FSP on Deferral of Interpretation 48 for Nonpublic Enterprises FASB Approves Two Clarifications on Applying the Shortcut Method FASB Launches Accounting Standards Codification for Verification FASB Proposes Guidance on Measuring the Fair Value of Liabilities
SEC Developments SEC Amends Proxy Rules to Facilitate Electronic Shareholder Forum SEC Issues Clarification on Accounting Associated With the Streamlined Foreclosure and Loss Avoidance Framework
PCAOB Development PCAOB Adopts Auditing Standard 6 on Evaluating Consistency of Financial Statements
GASB Development FAF Requests Comments on Proposed Changes to the Oversight, Structure, and Operations of the FAF, FASB, and GASB
International Developments IASB Revises Accounting for Business Combinations and Noncontrolling Ownership Interests IASB Amends IFRS 2 on Share-Based Payments IFRIC Proposes Guidance on Distributions of Noncash Assets to Owners IFRIC Proposes Guidance on Accounting for Customer Contributions
Other Developments GAO Issues Auditing Implementation Tool Audit Firm CEOs Propose Framework for Principles-Based Accounting Standards
Links to additional information are provided for most topics. Accounting Roundup, published by Deloitte & Touche LLP, briefly describes recent U.S. regulatory and professional developments in the field of accounting. In each issue, visitors find summaries with hyperlinks to more detailed information. Accounting Roundup acts as a resource guide for accounting, financial, investment, legal, tax, and other business professionals. Find the complete November 2007 issue of Accounting Roundup in the PDF attachment below. Or visit our Accounting Roundup Archive, where you can access past issues and other special editions, including: Year in Review — 2007, Third Quarter in Review — 2007, Second Quarter in Review — 2007, and First Quarter in Review — 2007. |
