Accounting Roundup — October 2008 |
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 October2008. Topics covered in this issue include the following:
FASB Developments
- FASB Issues Guidance on Measuring Fair Value of Financial Assets in an Inactive Market
- FASB Issues Exposure Draft on Subsequent Events
- FASB Issues Exposure Draft on Going Concern
- FASB and IASB Issue Discussion Paper on Financial Statement Presentation
- FASB Decides to Propose FSP to Delay Effective Date for Interpretation 48 (Uncertain Tax Positions) for Private Entities
- FASB and IASB Announce Joint Response to Credit Crisis
- FASB’s Valuation Resource Group Discusses Nine Fair Value Topics
AICPA Developments
- AICPA Issues SAS on Communicating Internal-Control-Related Matters
- AICPA Issues SSAE on Integrated Audits of Nonpublic Companies
- AICPA Issues Exposure Draft on Conducting an Audit in Accordance With GAAS
SEC Developments
- SEC Extends Comment Period for Proposed Rule Redefining Annuity Contracts
- SEC Issues Letter Clarifying Impairment Guidance on Perpetual Preferred Securities
- SEC Comments on Executive Compensation Disclosures
- SEC Holds Roundtable on Transparent Disclosures
- SEC Begins Study of Mark-to-Market Accounting
PCAOB Developments
- PCAOB Proposes Seven Auditing Standards on Risk Assessment
- PCAOB Discusses Accomplishments in 2008 and Priorities for 2009
FASAB Developments
- FASAB Issues Standard on Reporting Gains and Losses Attributable to Changes in Pension Obligation Assumptions
International Developments
- IASB Issues Amendments Permitting Reclassification of Financial Instruments
- IASB Proposes Amendments to Financial Instrument Disclosure Requirements
- IASB Reveals Steps in Response to Credit Crisis
- IAASB Issues Seven Revised International Standards on Auditing
- IAASB Issues Practice Alert on Auditing Fair Value
- IFAC Provides View Regarding International Standards on Auditing SMEs
Other Developments
- Considerations Regarding the Emergency Economic Stabilization Act of 2008
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 2008 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.
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