Summary of AICPA-SEC Regulations Committee June 20 Meeting

July 31, 2006

The American Institute of Certified Public Accountants (AICPA) has a committee called the Securities and Exchange Commission (SEC) Regulations Committee (also referred to as the “SEC Regs” committee) which generally meets with SEC staff three times per year to discuss emerging technical accounting and reporting issues relating to SEC rules and regulations.

At the June 20, 2006 SEC Regs committee meeting, in addition to discussing agenda items relating to technical accounting and reporting issues, the SEC staff made announcements regarding the status of projects and final rule releases on various projects.

A summary of the June 20 SEC Regs meeting published by Deloitte is available here.

NOTE: The conclusions are tentative and subject to change. 

Additional information about SEC Regs committee meetings is available on the AICPA’s website here.