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 August 2007. Topics covered in this issue include the following:
FASB Developments
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FASB Proposes FSP on Convertible Debt Instruments
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FASB Invites Comments for an Agenda Proposal on Accounting for Insurance Contracts
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FASB Removes FSP on Quantifying Misstatements From Agenda
AICPA Developments
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AICPA Issues SSARS
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AICPA Proposes SSARS-Defining Professional Requirements
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AICPA Professional Ethics Executive Committee Issues Proposed Guidance on Network Firms
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AICPA Professional Ethics Division Issues FAQ on the Independence Impact of Providing Interpretation 48 Services to an Attest Client
SEC Developments
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SEC Issues Concept Release on Giving U.S. Issuers the Choice to Apply IFRSs
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SEC Updates Compliance and Disclosure Interpretations
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SEC Proposes to Revise Limited Offerings Exemptions in Regulation D
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SEC Issues Final Rule to Define “Significant Deficiency”
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SEC’s Office of the Chief Accountant Updates FAQs on Auditor Independence
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SEC Adopts Revisions to EDGAR Filer Manual
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First Meeting of the SEC Advisory Committee on Improvements to Financial Reporting
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SEC Issues Letter Clarifying Servicers’ Ability to Make Loan Modifications
FASAB Developments
International Developments
International Developments
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 August 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 — 2006, Third Quarter in Review — 2006, Second Quarter in Review — 2006, and First Quarter in Review — 2006.
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