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Audit Committee Brief: July 2008


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This edition includes:

  • A summary of the Securities and Exchange Commission's (SEC) proposal to use eXtensible Business Reporting Language (XBRL) to make financial reports and schedules more interactive
  • Highlights from Deloitte's "2008 IFRS Survey: Where Are We Today?"
  • An overview of the Public Company Accounting Oversight Board’s (PCAOB) adoption of Rule 3526, Communication with Audit Committees Concerning Independence, and its amendment to Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles
  • A summary of the SEC's proposed reforms to the credit rating process
  • An overview of the Financial Accounting Standards Board's (FASB) proposal on expanding contingencies disclosure
  • Highlights of FASB Statement No. 162, The Hierarchy of Generally Accepted Accounting Principles

Related Content:
Audit Committe Brief Archive

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