Accounting Roundup: First Quarter in Review — 2013
We’re pleased to send you the latest edition of Accounting Roundup. During the first quarter of 2013, the FASB issued five ASUs, including two based on final consensuses reached by the EITF. In addition, the FASB and IASB continued to make progress on their respective technical agendas. The boards have essentially completed their joint redeliberations on the proposed revenue standard and expect to issue a final standard in the second quarter of 2013.
In other news, the trustees of the IFRS Foundation announced the initial membership of the Accounting Standards Advisory Forum (ASAF), which consists of various members of the global accounting standard-setting community. The ASAF will serve as a technical advisory body to the IASB.
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.
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