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Accounting Roundup — April 2008


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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 April 2008. Topics covered in this issue include the following:

FASB Developments

  • FASB Issues FSP Affecting Companies Emerging From Bankruptcy

  • FASB Issues Guidance on Intangible Assets Subject to Renewal or Extension

  • FASB Codification Updated for SEC Content

  • FASB Updates Statement 133 Implementation Guidance

  • FAF and FASB to Host Global Accounting Standards Forum

  • FASB and China Accounting Standards Committee Sign Memorandum of Understanding

  • Considerations of Credit Risk in Fair Value Hedge Effectiveness Assessments

SEC Developments

  • SEC Adopts Amendments to Form S-11

  • SEC Launches Web Page to Facilitate Mutual Fund Comparisons

  • Why You Need to Know About XBRL

PCAOB Developments

  • PCAOB Adopts New Independence and Ethics Rules

  • PCAOB Announces 2008 Forums on Auditing in the Small Business Environment

GASB Developments

  • GASB Proposes Changes to Concepts Statement 2

  • GASB Adds Three New Projects to Agenda

International Developments

  • IASC Foundation Constitution Review

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 April 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, including: First Quarter in Review — 2008, Year in Review — 2007, Third Quarter in Review — 2007, and Second Quarter in Review — 2007.

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