|
: International Accounting Standards Board (IASB)
|
11-06-30 :
FASB, IASB Completed Redeliberations On Revenue Recognition Exposure Draft
FASB an IASB completed redeliberations on their joint Exposure Draft on revenue recognition during their June 13-15 meting. Read about the revisions in this Defining Issues by KPMG.
11-06-20 :
FASB, IASB Amend Standards For Presentation Of Comprehensive Income
On June 16, 2011 FASB and the IASB issued amendments to their standards relating to presentation of comprehensive income and other comprehensive income.
11-06-15 :
FEI Letter To FASB, IASB Asks For Reexposure Of Revenue Recognition ED
On June 10, 2011 FEI's Committee on Corporate Reporting filed a comment letter with the FASB and IASB asking for formal reexposure of the board's Exposure Draft on Revenue Recognition, to provide an opportunity for public comment on the ED, which the FEI committee notes has gone through substantive changes following the board's review of public comments on the original Exposure Draft.
11-05-27 :
SEC Staff Paper On FASB Endorsement, Incorporation Of IFRS Into US GAAP
The SEC released for public comment a staff paper on a possible framework in which the FASB would be responsible for endorsing IFRS standards for incorporation into U.S. GAAP.
11-05-23 :
New Standards On Fair Value; Changes Planned For Financial Instruments, By KPMG
11-05-04 :
FASB, IASB News Roundup As Of May 4, 2011
This summary of recent highlights from FASB and IASB is provided as a benefit of membership for FEI members.
11-04-29 :
Offsetting Financial Assets and Financial Liabilities
CCR shares its views with the FASB and IASB on Offsetting Financial Assets and Financial Liabilities.
11-04-26 :
CCR Comment Letter To FASB And IASB On Hedge Accounting
CCR Supports Efforts to Improve and Simplify the Hedge Accounting Model
11-04-19 :
FEI Files Comment Letter With Chairs of FASB and IASB In Response To MoU Projects
11-04-14 :
FASB, IASB Extend Convergence Project Deadline 'By A Few Months'
11-04-01 :
Financial Reporting: April 2011
11-02-24 :
FASB, IASB Tentatively Decide to Revise Lease Accounting Proposals
At a recent joint meeting in February, FASB and IASB tentatively decided to revise some of their more significant lease accounting proposals to address concerns concerns.
11-02-07 :
Monitoring Board Releases Report, Seeks Comment On IFRS Foundation Governance
On Feb. 7, 2011 the Monitoring Board of the IFRS Foundation released a report on the IFRS Foundation's Goverance. Public comment is invited on the report during a 60-day comment period, which ends April 8.
11-02-02 :
FASB, IASB Seek Feedback On Converged Solution to Impairment
FASB and IASB seek feedback on converged solution to impairment -- comment period ends April 1, 2011.
11-01-19 :
2011 U.S. GAAP XBRL Taxonomy Awaits SEC Acceptance; 2011 IFRS Taxonomy Proposed
On Jan. 18, 2011 the FAF released the 2011 U.S. GAAP Taxonomy, pending SEC acceptance. On the same day, the IFRS Foundation released for public comment an Exposure Draft of the proposed 2011 IFRS Taxonomy.
10-12-20 :
FEI Comments On Passing Of Tommaso Padoa-Schioppa, IFRS Foundation Chairman
10-12-15 :
FEI Sends Comment Letters On FASB, IASB Leasing Proposals, Including Joint Letter
A letter signed by FEI President and CEO Marie Hollein sent to the FASB and IASB on Dec. 15, 2010 regarding the boards' joint leasing proposal was joined onto by five other professional associations: the Equipment Leasing & Finance Assoiation, the Finance & Leasing Association, the Japan Leasing Association, and the U.S. Chamber of Commerce.
10-12-15 :
FEI Express Private Company Edition #86
10-12-15 :
FEI CPC-S comments on Leases ED
10-12-14 :
CCR filed its Lease comment letter with the FASB and IASB
On December 14, CCR filed its Lease comment letter with the FASB and IASB. CCR continues to support the convergence of U.S. GAAP and IFRS and the project’s overall goal of improving the accounting for leases. A lease provides a lessee use of an asset and contains an obligation to pay rent. As a result, the proposed right-of-use accounting model that leads to the recognition by the lessee of the
10-12-08 :
FEI Express Public Company Edition #88
10-12-01 :
FEI Express Private Company Edition #85
10-11-17 :
FEI Express Private Company Edition #84
10-11-05 :
FEI Comments On Standard-Setting Developments To FASB, IASB, SEC
10-11-03 :
FEI Express Private Company Edition #83
10-11-01 :
In Brief: November 10
10-10-29 :
SEC Releases Report On IFRS Workplan; Tweedie Emphasizes Single Set Of Standards
On Oct. 29, 2010 the SEC published its first progress report on its IFRS Workplan.
10-10-27 :
IASB's Exposure Draft “Removal of Fixed Dates for First-time Adopters -proposed amendments to IFRS 1
10-10-25 :
FEI Committees Comment To FASB, IASB On Revenue Recognition ED
On Oct. 21, 2010, FEI's Committee on Corporate Reporting filed a comment letter in response to the FASB/IASB Exposure Draft: Revenue from Contracts with Customers.
10-10-21 :
CCR Views on Proposed Accounting Standards Update, Revenue from Contracts with Customers
CCR Views on Proposed Accounting Standards Update, Revenue from Contracts with Customers
10-10-19 :
FASB, IASB Seek Comment On Effective Dates, Transition For Remaining MoU Standards
On Oct. 19, 2010, FASB released a Discussion Paper seeking comment on the effective dates and transition methods under the remaining MoU standards.
10-10-12 :
Hans Hoogervorst Named IASB Chair, Ian Macintosh Named Vice-Chair
On Oct. 12, 2010 the IFRS Foundation (formerly called the IASCF) named Hans Hoogervorst chairman of the IASB, to succeed Sir David Tweedie in that role when Sir David retires at the end of June, 2011. Additionally, the IFRS Foundation named Ian Macintosh Vice Chairman.
10-10-08 :
IFRIC Tentative Agenda Decision on IFRS 2 Share-based Payment
IFRIC Tentative Agenda Decision on IFRS 2 Share-based Payment – Share-Based payment awards settled net of tax withholding
10-09-30 :
FASB To Release Discussion Document On MoU Implementation
Chairing his last FASB board meeting, Bob Herz noted that the FASB will be releasing a discussion document seeking public comment on matters relating to implementation of the standards under the FASB-IASB MoU, such as effective date, transition, and other matters. The board also acted recent EITF consensuses and consensuses for exposure.
10-09-29 :
FEI Express Public Company Edition #84
10-09-29 :
FASB, IASB Complete First Phase Of Joint Conceptual Framework
On Sept. 28, 2010, FASB and IASB announced they had completed the first phase of the joint conceptual framework project.
10-09-29 :
Comprehensive Income
Comprehensive Income – File Reference 1790-100 ED – Presentation of Items of Other Comprehensive Income – Reference ED/2010/5.
10-09-15 :
FASB-IASB News Roundup As Of Sept. 15, 2010
This summary is provided as a benefit of membership for FEI members only.
10-09-08 :
FASB-IASB News Roundup As Of Sept. 8, 2010
This summary of recent highlights from FASB and IASB is provided as a benefit of membership for FEI members only.
10-09-08 :
FASB-IASB News Roundup As Of Sept. 8, 2010
This summary of recent highlights from FASB and IASB is provided as a benefit of membership for FEI members only.
10-09-03 :
IAS 19 Employee Benefits
10-08-25 :
FASB, IASB News Roundup - July 1, 2010 - August 25, 2010
This summary of recent highlights at FASB and the IASB is offered as a benefit of membership to FEI members only.
10-07-07 :
FASB, IASB News Roundup June 1, 2010 - July 7, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members only.
10-07-02 :
CCR's comment letter in response to IASB ED on Financial Instruments: Amortised Costs and Impairment
CCR's comment letter in response to IASB ED on Financial Instruments: Amortised Costs and Impairment
10-07-01 :
Compliance: July 10
10-06-30 :
FASB, IASB News Roundup June 1, 2010 - June 30, 2010
This summary of highlights from recent actions of the FASB and IASB is provided as a benefit of membership to FEI members.
10-06-25 :
FASB, IASB Issue Progress Report On Convergence Strategy, By KPMG
FASB
10-06-24 :
FASB, IASB Propose New Joint Standard For Revenue Recognition
June 24, 2010, FASB and IASB published for public comment a draft standard for Revenue Recognition.
10-06-23 :
FASB, IASB Roundup June 1, 2010 - June 23, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership to FEI members only.
10-06-09 :
FASB, IASB Modify Convergence Timetable In Response To Stakeholder Concern
On June 2, 2010 FASB and the IASB announced a modification to the convergence timetable set forth in the FASB-IASB Memorandum of Understanding (MoU).
10-06-02 :
FASB, IASB News Roundup May 1, 2010 - June 2, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members only.
10-06-01 :
FASB, IASB News Roundup May 1, 2010 - June 16, 2010
This summary of highlights of recent developments at FASB and the IASB is offered as a benefit of membership to FEI members only.
10-06-01 :
FASB, IASB News Roundup May 1, 2010 - June 9, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members.
10-05-27 :
IASB Publishes Proposal On Presentation Of Other Comprehensive Income
10-05-26 :
FASB, IASB News Roundup May 1, 2010 - May 26, 2010
This summary is availalble for FEI members only.
10-05-19 :
FASB, IASB News Roundup April 1, 2010 - May 19, 2010
This summary of highlights of recent activities at FASB and the IASB is provided as a benefit of membership for FEI members.
10-05-10 :
FEI Committee Files Letter With FASB, IASB On Impact Of MoU Standards
10-05-05 :
FASB, IASB News Roundup April 1, 2010 - May 12, 2010
This summary of recent developments relating to FASB and the IASB is provided as a benefit of membership for FEI members.
10-05-03 :
FEI Committee on Private Cos. Writes FASB With Concern About Pace Of Standard-Setting
FEI's Committee on Private Companies - Standards, filed a comment letter with John J. Brennan, Chairman of the Financial Accounting Foundation (which oversees the Financial Accounting Standards Board) and with Robert Herz, Chairman of the FASB. The CPC-S letter voices concern about the pace of accounting standard-setting under the FASB-IASB MOU.
10-04-30 :
CCR Comments on Measurement of Liabilities in IAS 37
The Committee on Corporate Reporting of Financial Executives International appreciates the opportunity to share its views on the International Accounting Standards Board‘s Exposure Draft: Measurement of Liabilities in IAS 37.
10-04-30 :
Project to amend IAS 37
BUSINESSEUROPE, Nippon Keidanren and the US Committee on Corporate
Reporting of Financial Executives International comment on the project to amend IAS 37 started as part of a larger convergence project.
10-04-29 :
FASB, IASB News Roundup April 1, 2010 - April 29, 2010
The following summary of recent events at FASB and the IASB is provided as a benefit of membership for FEI members.
10-04-14 :
FASB, IASB News Roundup March 1, 2010 - April 14, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership to FEI members.
10-04-06 :
FASB, IASB News Roundup March 1, 2010-April 7, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members.
10-04-01 :
FASB, IASB News Roundup - April 1, 2010 - May 5, 2010
This summary of recent developments at the FASB and IASB has been prepared for the benefit of FEI members.
10-03-24 :
FASB, IASB News Roundup Feb. 1, 2010-March 24, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members.
10-03-24 :
FASB, IASB News Roundup March 1, 2010 - March 31, 2010
This summary of recent developments at the FASB and IASB is provided as a benefit of membership to FEI members.
10-03-19 :
CCR Comments on IFRS 1 First-Time Adoption
CCR Comments on IFRS 1 First-Time Adoption
10-03-19 :
Suggested Improvements to IFRS 2 – Employer Withholdings to Settle Employee Tax Liabilities
10-03-17 :
FASB, IASB News Roundup Feb. 1, 2010 - March 17, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members.
10-03-11 :
FASB, IASB Release Exposure Draft On Reporting Entity
On March 11, 2010 FASB and the IASB released for public comment an Exposure Draft on the Reporting Entity.
10-03-10 :
FASB, IASB News Roundup Feb. 1, 2010 - March 10, 2010
This summary of recent developments at FASB and the IASB is provided as a benefit of membership for FEI members.
10-03-01 :
FASB, IASB Roundup March 1, 2010 - April 21, 2010
This summary of recent activity at FASB and the IASB is provided as a benefit of membership for FEI members.
10-02-24 :
FASB, IASB News Roundup - Feb. 1, 2010-Feb. 24, 2010
This summary is provided as a benefit of membership to FEI members.
10-02-19 :
SEC Announces Feb. 24 Meeting To Consider IFRS Statement
On Feb. 19, 2010, the SEC published a Sunshine Act Notice announcing it will hold an open commission meeting on Wed. Feb. 24 at which it will consider issuing a statement on IFRS.
10-02-18 :
FEI Provides Recommendations To FASB, IASB On Convergence Standards
FEI's Committee on Corporate Reporting (CCR) filed letters recently with FASB and the IASB providing recommendations on the convergence standards.
10-02-17 :
FASB, IASB News Roundup Feb. 1, 2010- Feb. 17, 2010
This summary of recent developments at FASB and the IASB is prepared as a benefit of membership for FEI members.
10-02-16 :
IASCF Amends Constitution; Provides Update On Funding, Role Of Convergence
On Feb. 15, 2010 the IASCF announced governance enhancements contained in amendments to its Constition, effective March 1, 2010. The IASCF has also posted a funding update. Separately, the chairman of the IASCF provided a response to a recent report in the Financial Times regarding convergence.
10-02-15 :
SEC Chairman, Chief Accountant, Others Provide Highlights At PLI's SEC Speaks
Following are highlights from SEC staff, including SEC Chief Accountant Jim Kroeker and SEC Division of Corporation Finance Chief Accountant Wayne Carnall, at the annual PLI SEC Speaks conference on Feb. 5, 2010.
10-02-09 :
FASB, IASB News Roundup Feb. 1, 2010 - Feb. 10, 2010
This summary is provided to FEI members as a benefit of membership.
10-02-03 :
FASB, IASB News Roundup - Jan. 1, 2010-Feb. 3, 2010
This summary is FASB and IASB news is provided as a benefit of membership to FEI members.
10-02-01 :
FASB, IASB News Roundup Feb. 1, 2010- March 3, 2010
This summary of recent FASB, IASB activity is provided as a benefit of membership for FEI members.
10-01-27 :
FASB, IASB News Roundup Jan. 1, 2010 - Jan. 27, 2010
This summary is provided as a benefit of membership for FEI members only.
10-01-22 :
IASB Publishes Free Training Material On IFRS For SMEs
On Jan. 18, 2010 the IASB announced the publication of new training material on IFRS for SMEs.
10-01-20 :
FASB, IASB News Roundup Jan. 1, 2010- Jan. 20, 2010
This summary is provided as a benefit of membership for FEI members only.
10-01-13 :
FASB, IASB News Roundup Dec. 3, 2009 - Jan. 13, 2010
Following are highlights of new documents issued by, and other developments at, the FASB and IASB from Dec. 3, 2009 - Jan. 13, 2010.
10-01-06 :
FASB, IASB News Roundup Dec. 3, 2009-Jan. 6, 2010
The following summary of FASB and IASB News from Dec. 3, 2009 - Jan. 6, 2010 is provided as a benefit of membership to FEI members-only.
10-01-06 :
New From FASB, IASB
In the first week of 2010, the FASB and the IASB held a joint board meeting by videoconference, released a number of new items, and made various announcements.
09-12-22 :
Year-End Update: FASB Releases; IASB Podcasts
Below is a brief summary of recent developments at FASB and the IASB.
09-12-21 :
FEI CEO: 2010 Top Challenges For Financial Executives
09-12-16 :
FASB, IASB News Roundup Dec. 3, 2009-Dec. 16, 2009
This summary is provided as a benefit for FEI members only.
09-12-09 :
FASB, IASB News Roundup Nov. 19, 2009 - Dec. 9, 2009
The following summary of current FASB, IASB developments is provided as a benefit of membership for FEI members only.
09-12-07 :
Highlights Of SEC Chief Accountant Speech On Dec. 7
Following are highlights from SEC Chief Accountant James Kroeker's remarks at the AICPA's annual conference on current SEC and PCAOB developments.
09-12-02 :
FASB, IASB News Roundup Nov. 19, 2009 - Dec. 2, 2009
This summary of recent developments at the FASB and IASB is provided as a benefit for FEI members only.
09-11-30 :
Highlights Of FEI Current Financial Reporting Issues Conference - By KPMG
09-11-18 :
FEI Summary of Current Issues In Financial Reporting, Nov. 16-17
09-11-18 :
FASB, IASB News Roundup Nov. 5, 2009 - Nov. 18, 2009
Following are selected highlights of new documents issued by, and other developments taking place at, the FASB and IASB.
09-11-11 :
FASB, IASB News Roundup Oct. 29, 2009 - Nov. 11, 2009
Following are selected highlights of new documents issued by, and other developments taking place at, FASB and the IASB between Oct. 29, 2009 and Nov. 11, 2009.
09-11-04 :
FASB, IASB News Roundup - Oct. 22, 2009 - Nov. 4, 2009
Following is an update of recent activity at the FASB and IASB.
09-11-03 :
FASB, IASB To 'Retriple' Convergence Efforts; Political Pressures Mount
09-11-01 :
Financial Reporting: November 09
09-10-26 :
FASB, IASB News Roundup Oct. 15, 2009-Oct. 28, 2009
Following are selected highlights of new documents issued by, and other developments taking place at the FASB and IASB for the period Oct. 15, 2009 - Oct. 28, 2009.
09-10-21 :
FASB, IASB News Roundup Oct. 8 - Oct. 21, 2009
Following is a FASB-IASB update for the period Oct. 8, 2009 - Oct. 21, 2009.
09-10-14 :
FASB, IASB News Roundup Oct. 1, 2009 - Oct. 14, 2009
This summary is provided as a service for FEI members-only.
09-10-07 :
FASB, IASB News Roundup Sept. 24, 2009-Oct. 7, 2009
Following are selected highlights of new documents issued by, and other developments taking place at the Financial Accounting Standards Board and at the International Accounting Standards Board.
09-10-01 :
Discount Rate for Employee Benefits Comment Letter
09-09-30 :
FASB, IASB News Roundup Sept. 17, 2009-Sept. 30, 2009
The following news roundup is posted as a service for FEI members-only.
09-09-25 :
Canada's Move To IFRS: Impact On Public Companies
09-09-23 :
FASB, IASB News Roundup Sept. 10, 2009 - Sept. 23, 2009
This summary is provided as a membership benefit for FEI-members only.
09-09-23 :
FEI Comments On IASB Proposal On Fair Value Measurement
09-09-16 :
FASB, IASB News Roundup Sept. 3, 2009-Sept. 16, 2009
The following summary is provided for FEI members only.
09-09-16 :
Summary Of FASB Board Meeting On Leasing
Following is a summary of FASB's Sept. 16, 2009 board meeting at which FASB discussed comments received on its Discussion Paper on Leasing.
09-09-14 :
FASB-IASB Hold Roundtables On Financial Instruments
On Sept. 14, 2009 FASB and the IASB held the third in a series of three roundtables on their financial instruments project.
09-09-10 :
Similarities And Differences Between Full IFRS And IFRS For SMEs, By PwC
09-09-09 :
House Passes Promoting Transparency In Financial Reporting Act
On Sept. 9, 2009 the U.S. House of Representatives passed the Promoting Transparency in Financial Reporting Act of 2009. The bill now awaits Senate action.
09-09-09 :
FASB, IASB News Roundup Aug. 27-Sept. 9, 2009
The following news roundup is posted as a service to FEI members only.
09-09-04 :
IFRS For Small And Mid-Sized Entities Outlined In Financial Executive
09-08-13 :
American Bankers Association Voices Concern On FASB-IASB Financial Instruments Project
On Aug. 12, 2009 the American Bankers Association filed a comment letter on FASB's financial instruments project. ABA included in an attachment to that letter a white paper entitled: The Current Pace and Direction of Accounting Standard Setting. The letter and white paper follow another letter and white paper filed by ABA on the financial instruments project on Aug. 4.
09-07-28 :
Financial Crisis Advisory Group Issues Report
On July 28, 2009 the FASB-IASB Financial Crisis Advisory Group issued its final report.
09-07-17 :
FEI Files Response On FASB-IASB Discussion Paper On Leasing
On July 17, 2009 FEI's Committee on Corporate Reporting and Committee on Private Companies, Standards Subcommittee filed a joint comment letter on the FASB-IASB Discussion Paper entitled Leasing: Preliminary Views.
09-07-17 :
Leases Comment Letter from CCR and CPC Committees
CCR and CPC comments to FASB and IASB on Preliminary Views on Leases
09-07-08 :
IASB Publishes IFRS For SMEs
On July 9, 2009 International Accounting Standards Board published International Financial Reporting Standards for Small and Medium-Sized Entities (formerly called: IFRS for Private Entities).
09-07-01 :
washington insights: July 09
The tension between the concurrent goals of independence and accountability of accounting standard setters — including the Financial Accounting Standards Board and International Accounting Standards Board — has been an evergreen issue.
09-06-11 :
International Update: IOSCO, More
On the closing day of the IOSCO 2009 annual conference, SEC Chairman Mary L. Schapiro reiterated the importance of IOSCO's principles in the increasingly interconnected global markets, and reviewed some current SEC initiatives.
09-05-28 :
IASB Releases Proposals On Fair Value Measurement, Pensions
On May 28, 2009 the IASB released two proposals, on fair value measurement, and pensions.
09-05-22 :
Pressure On FASB, IASB Could Result In Tragedy, Advisory Group (FCAG) Warns
At least three members of the Financial Crisis Advisory Group, formed jointly by FASB and IASB to advise them on accounting matters relating to the credit crisis, warned that political pressure on FASB - and the IASB in particular - could result in tragedy.
09-05-20 :
IASB Appoints Two New Board Members
On May 20, 2009 the IASB announced the appointment of two new board members.
09-05-08 :
EU's McCreevy, IASB's Smith, On Financial Reporting In A Changing World
On May 7-8, 2009 EU Internal Markets Commissioner Charlie McCreevy and IASB Board Member John Smith were among those who gave speeches at a conference hosted by the European Commission in Brussels on: Financial Reporting in a Changing World.
09-05-01 :
Implications Of IFRS Conversion On R&D Tax Credit, PP&E, by PwC
09-04-29 :
FASB-IASB Financial Crisis Advisory Group Updates G-20
On April 29, 2009 the FASB-IASB Financial Crisis Advisory Group sent a letter updating the G-20 on recent FASB and IASB actions and providing its views on the boards' priorities.
09-04-23 :
IFRS - What It Means For Private Company Reporting, by Deloitte
09-04-22 :
IASB Makes Standards Freely Available Online
09-04-21 :
FEI Committee On Private Cos. Files Comment Letter With FASB, IASB On Fin. Statement Presentation
09-04-20 :
FEI Comments On SEC's Proposed IFRS Roadmap
On April 20, 2009 FEI's Commmittee on Corporate Reporting filed a comment letter on the SEC's proposed IFRS Roadmap.
09-04-20 :
BusinessEurope, Nippon Keidandren, FEI Comment To IASB On Employee Benefits
09-04-20 :
Highlights of FASB-IASB Financial Crisis Advisory Group Meeting
Following is a summary of highlights from the April 20, 2009 FASB-IASB Financial Crisis Advisory Group (FCAG) meeting.
09-04-16 :
IASB Concludes 2007-09 Improvements Project; Amends 12 Standards
On April 16, 2009 the IASB announced the conclusion of its 2007-2009 improvements project, resulting in the amendment of 12 standards.
09-04-14 :
FEI CCR, CPC Respond To FASB-IASB On Financial Statement Presentation
On April 14, 2009 FEI's Committee on Corporate Reporting (CCR) filed a comment letter on the FASB-IASB Discussion Paper on Financial Statement Presentation.
09-04-07 :
G-20 Leaders Pledge Action; Financial Stability Board To Replace FSF
At the conclusion of the G-20 Summit on April 2, 2009 the leaders issued a statement pledging action on various fronts, including as relate to restoring confidence, growth and jobs, and relating to strengthening financial regulation, and more.
09-03-19 :
Lease Accounting Discussion Paper Released By FASB-IASB
On March 19, 2009 FASB and the IASB released for public comment their joint Discussion Paper, Leases: Preliminary Views. Comments are due July 17.
09-03-11 :
FASB-IASB Financial Crisis Advisory Group Seeks Comment By April 2
The Financial Crisis Advisory Group, a high level advisory group formed by FASB and the IASB late last year, has issued a request for comment.
09-03-01 :
NYSE-Euronext Chair Niederauer Says: 'Don’t Let IFRS Become The Next Sarbanes-Oxley'
In a keynote address on March 11, 2009 at the U.S. Chamber of Commerce 3rd Annual Capital Markets Summit, NYSE-Euronext Chairman Duncan Niederauer raised cautions about a potential move to IFRS in the U.S.
09-03-01 :
FASB, SEC Commit To Providing Fair-Value (Mark-to-Market) Guidance By April 2
Following is a summary of the March 12, 2009 Congressional hearing on mark-to-market accounting.
09-02-25 :
Private Companies Positive On IFRS Finds New Deloitte Poll
09-02-17 :
How Should The EU Respond To The Financial Crisis-By ACCA
09-02-15 :
FASB-IASB Group Discusses Fair Value, Financial Stability
On Feb. 13, 2009 the Financial Crisis Advisory Group - an advisory group of the FASB and IASB - met to discuss topics including fair value accounting, loan loss provisions, financial stability, and transparency.
09-02-15 :
Detailed Summary of FASB-IASB Financial Crisis Advisory Group Meeting
Following is a detailed summary of the Feb. 13, 2009 meeting of the Financial Crisis Advisory Group, a joint advisory group of the FASB and IASB.
09-02-09 :
FEI Comments To FASB On Financial Statement Presentation
08-12-24 :
European Commission Grants Equivalence To U.S. GAAP, More
On Dec. 12, 2008 the European Union announced: "European Commission Grans Equivalence In Relation to Third Country GAAPs." This decision found U.S GAAP and Japan GAAP 'equivalent' to IFRS for purposes of non-EU based ('foreign') filers with listings in the EU. Additionally, certain other GAAP were found equivalent to IFRS on a transitional basis as those countries converge to IFRS.
08-12-23 :
Comments Due Dec. 30 On FSP On Impairment Of Fin. Instr.; Jan. 15 On Disclosures FSP
On Dec. 19, 2008 FASB released Proposed FSP EITF 99-20-a, with a comment deadline of Dec. 30.
UPDATE: On Dec. 24, 2008 FASB released Proposed FSP FAS 107-a, comments due Jan. 15, 2009.
08-12-22 :
FASB, IASB Release Joint Discussion Paper On Revenue Recognition
On. Dec. 19, 2008 the FASB and IASB released their joint Discussion Paper on Revenue Recognition.
08-12-09 :
IASCF Seeks Comment On Part Two Of Its Constitutional Review
On Dec. 8, 2008 the IASCF announced that it has posted a Discussion Document on the second part of its Constitutional Review. Comments are due March 31, 2009.
08-11-26 :
FASB-IASB Roundtable On Accounting Issues In Financial Crisis
On Nov. 25, 2008 the FASB and the IASB held the second in their series of three joint roundtables on accounting issues arising in the financial crisis.
08-11-21 :
Highlights From SEC Roundtable On Mark-to-Market Accounting
Following are highlights from the SEC's Nov. 21, 2008 roundtable on mark-to-market (fair value) accounting. The roundtable, the second of two, is being conducted to provide feedback (along with comment letters) on SEC's Congressionally mandated study of mark-to-market accounting.
08-11-19 :
Highlights Of FASB Board Meeting On Leasing
Following are highlights from FASB's Nov. 19, 2008 board meeting at which FASB discussed its leasing project, a joint project being conducted with the IASB.
08-11-16 :
G-20 Recommends Specific Actions To Address Credit Crisis
The Declaration issued at the conclusion of the Nov. 15, 2008 “G-20 Summit on Financial Markets and the Economy” laid out specific actions to be taken by finance ministers, regulators, accounting standard–setters, and others – some of which are to be accomplished by March 31, 2009. The G-20 agreed its next economic summit will take place by April 30, 2009.
08-11-14 :
FAF, IASCF Write President Bush, G-20; Hoogervorst, Goldschmid Tapped For Advisory Group
In advance of a meeting of leaders of the Group of 20 countries taking part in a Summit on Financial Markets and the World Economy taking place Nov. 14-15, 2008 in Washington, D.C., the FAF and the IASCF wrote to President Bush and the G-20. Separtely, Hans Hoogervorst and Harvey Goldschmid were named to lead a n IASB-FASB global advisory group.
08-11-14 :
SEC Releases Proposed IFRS Roadmap For 90-Day Comment Period
On Nov. 14, 2008 the SEC released its proposed IFRS Roadmap. The comment period ends Feb. 19, 2009.
08-10-31 :
IASB Publishes Final Report Of Expert Advisory Panel On Fair Value
On Oct. 31, 2008 the IASB published the final Report of its Expert Advisory Panel on “Measuring and disclosing the fair value of financial instruments in markets that are no longer active.”
08-10-21 :
Global Advisory Group Forming To Advise FASB, IASB On Issues Related To Credit Crisis
On Oct. 20, 2008 FASB and the IASB announced they will rapidly form a high level global advisory committee whose meetings will be public and webcast, to advise them on accounting issues relating to today’s credit markets.
08-10-16 :
FASB-IASB Seek Comment on Financial Statement Presentation By April 14
On Oct. 16, 2008, the Financial Accounting Standards Board and the International Accounting Standards Board released their joint Discussion Paper on Financial Statement Presentation
08-10-01 :
CCR and CBF Share Preliminary Views on Amendments to IAS 19 Employee Benefits (the "Discussion Paper
The Committees on Corporate Reporting (“CCR”) and Benefits Finance (“CBF”) of Financial Executives International (“FEI”) appreciate the opportunity to share their views on the International Accounting Standards Board’s (the “IASB”) Discussion Paper: Preliminary Views on Amendments to IAS 19 Employee Benefits (the “Discussion Paper”).
08-09-29 :
FASB Drafting Guidance On Fair Value In Inactive Markets, BNA Reports
On Sept. 29, 2008, Steve Burkholder wrote in BNA’s Daily Report for Executives, that: “FASB Staff Crafting Guidance to Help Gauge Fair Value in Inactive Markets.”
08-09-24 :
American Bankers Association Asks SEC To Provide Immediate Guidance On Fair Value
08-09-23 :
Bernanke Tells Senate: Auction Will Help Facilitate Held-To-Maturity Vs. Fire Sale Price
At a Senate Banking hearing on Sept. 23, 2008, Federal Reserve Board Chairman Ben Bernanke advocated against suspending mark-to-market accounting, but noted he believes Treasury's proposed auction process for subprime securities would help determine a held-to-maturity vs. fire sale value.
08-09-16 :
IFRS For Private Entities - IASB Provides Update
On Sept. 10, 2008 the IASB hosted a live webcast on the current status of its project to develop a set of International Financial Reporting Standards for Private Entities (IFRS for Private Entities).
08-09-16 :
IASB Posts Draft Report on Fair Valuing in Illiquid Markets, Seeks Feedback By Oct. 3
On Sept. 16, 2008, the IASB published: “Draft Report of the [IASB] Expert Advisory Panel: Measuring and Disclosing the Fair Value of Financial Instruments in Markets That Are No Longer Active
08-08-29 :
IASB To Hold Live Webcast On IFRS For Private Entities
The IASB announced it will hold a webcast on Sept. 10, 2008 on its IFRS for Private Entities project.
08-08-27 :
FASB To Propose IFRS “All Available Information” Model For Going Concern
At its Aug. 28, 2008 board meeting, FASB voted to adopt language from IAS 1 requiring consideration of “all available information” in determining if an entity is a going concern. FASB also discussed its subsequent events project.
08-08-08 :
FEI Comments On FAS 5 Proposal On Contingencies
In comment letters filed on Aug. 8, 2008, FEI technical committees voiced concern about the FASB's Exposure Draft, Disclosure of Certain Loss Contingencies – an amendment of FAS 5 and FAS 141R.
08-08-07 :
IASB Releases Omnibus Proposal To Amend Eight Standards
On August 7, 2008, the IASB released an Omnibus Exposure Draft, "Improvements to IFRS," containing proposed amendments to eight IASB standards.
08-08-07 :
FASB Releases Revised Proposal On Earnings Per Share
On August 7, 2008 the FASB released a revised Exposure Draft on Earnings Per Share; the IASB also issued an Exposure Draft on this subject.
08-07-29 :
IFRS, U.S. GAAP Performance In Subprime Crisis: Topic Of SEC Aug. 4 Roundtable
08-07-21 :
IASCF Provides Update On Constitutional Review, More
Following is an update on IASCF's Constitutional Review and other matters discussed by the IASCF trustees at its July, 2008 meeting.
08-07-21 :
IASCF Formally Proposes Monitoring Group, Enlargement Of IASB Board
On July 21, 2008, the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, published for public comment a Discussion Document entitled: “Review of the Constitution: Public Accountability and the Composition of the IASB - Proposals for Change.”
08-06-24 :
Detailed Summary: FASB Mid-Year Update
On June 23, 2008 the Financial Accounting Standards Board (FASB) webcast a “Mid-Year Update.” Below is a detailed summary of the webcast.
08-06-20 :
IASB: Updates Workplan, Valuation Group Summary and Draft Of Proposed Board Changes
08-06-17 :
Mid-Year FASB Update, Webcast June 23
08-06-16 :
Highlights Of SEC, FASB, FEI Remarks, A.M. Session, FASB Forum On Global Standards
Following are highlights from remarks of U.S. Securities and Exchange Commission (SEC) Chief Accountant Conrad Hewitt, Financial Accounting Standards Board (FASB) Chairman Robert Herz and Financial Executives International (FEI) President and CEO Michael P. Cangemi at FASB's June 16, 2008 Forum on High Quality Global Accounting Standards.
08-06-10 :
IASB Webcast On Financial Instruments Discussion Paper
08-06-04 :
IASB Renames IFRS For SMEs: 'IFRS For Private Entities'
08-05-29 :
FASB, IASB Release Documents On Conceptual Framework; Comments Due Sept. 29
08-05-20 :
Panel Testifying To CIFiR Split On Role Of Non-Authoritative Guidance
08-05-01 :
FEI IFRS Conference June 5, 2008: Updated Agenda, Speakers
08-04-25 :
European Parliament Adopts Resolution Calling For Changes To IASB, IASCF
08-04-22 :
KPMG Forms IFRS Institute
08-04-21 :
FASB-IASB Discuss Updating MOU
At a joint meeting on April 21, 2008, the FASB and IASB discussed updating their Memorandum of Understanding (MOU) on convergence, last updated in 2006.
08-04-17 :
FAF, FASB To Host Forum On Global Accounting Standards
08-04-16 :
G-7, Endorsing FSF Recommendations, Asks IASB, Others, To Act Within 100 Days
The G-7 issued a joint statement supporting the Financial Stability Forum's recommendations, calling for certain actions within 100 days.
08-04-08 :
CESR Finds U.S. GAAP Equivalent To IFRS: EC To Formally Decide Later This Year
On March 31, 2008, the Committee of European Securities Regulators (CESR), issued its final advice to the European Commission (EC) on the equivalence of U.S., Japanese and Chinese generally accepted accounting principles (GAAP) to International Financial Accounting Standards (IFRS).
08-04-08 :
IASCF Launches Constitution Review, Consultation on Monitoring Group, More
On April 8, 2008, the International Accounting Standards Advisory Committee Foundation (IASCF) announced the results of its March 17-18 meeting.
08-03-31 :
FASB, IASB Seek Comment On: Reducing Complexity In Reporting Financial Instruments
08-03-27 :
IASB Publishes Discussion Paper/Preliminary Views on Employee Benefits Standard
08-03-19 :
IASB Seeks Comment On Reducing Complexity In Reporting Financial Instruments
08-03-19 :
Summary of IASB Discussion Paper: Reducing Complexity in Reporting Financial Instruments
08-03-11 :
IASCF Names New Trustees; Attend FEI's IFRS Conference June 5
08-03-06 :
Accounting Roundup, February 2008, By Deloitte
Review of current accounting and financial reporting developments, By Deloitte
08-02-25 :
CCR responds to the IASB’s ED on consolidated and non-consolidated financial statement
The Committee on Corporate Reporting (“CCR”) of Financial Executives International (“FEI”) wishes to share its views on the International Accounting Standards Board (the “IASB”) Exposure Draft of Proposed Amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements Cost of an Investment in a Subsidiary, Jointly Con
08-02-11 :
IASC Steps Up Governance Activities, Reviewing Its Constitution
IASC, the oversight body of IASB, announced a strategy to review its constitution; such a review of its governance arrangements is aimed at enhanced public accountability as IFRS use grows around the world.
08-02-05 :
IASB Releases Funding Update
08-01-10 :
IASB Publishes Business Combinations Standard; Consistent With FASB
IASB assnounced on Jan. 10, 2008 that it completed the 2nd phase of its business combinations project by issuing a revised IFRS 3 and amended IAS 27; ensuring that accounting for business combinations, whether via IFRS or U.S. GAAP are subsequently the same.
08-01-08 :
FASB Codification Coming Next Week; Five Years To IFRS?
FASB Chairman Robert Herz announced on a webcast earlier today (Jan. 8) that FASB will release its draft codification of all U.S. GAAP next week. Panelists also said five years would seem reasonable for a transition to IFRS in the U.S., with phasing in for smaller companies.
08-01-08 :
Accounting Roundup: Year In Review 2007, By Deloitte
Deloitte's Heads Up summarizes major events for 2007 at FASB, IASB, PCAOB, SEC, etc.
08-01-04 :
IASB Publishes ED With Proposed Amendments To IFRS 2, IFRIC 11
The IASB published on Dec. 13, 2007 for public comment an exposure draft of proposed amendments to IFRS 2 and IFRIC 11. Comments are due March 17, 2008.
08-01-01 :
washington insights: January 08
This month’s column could perhaps be ceremonially renamed the “Brussels Insights” column in honor of the mutual efforts by the U.S. Securities and Exchange Commission (SEC) and European Union (EU) toward global harmonization and mutual recognition.
07-12-19 :
IFRS Guidance - By PwC (Oct. 2007)
07-12-17 :
Detailed Summary of SEC's Second IFRS Roundtable - Dec. 17, 2007
Following is a detailed summary of SEC’s second roundtable on implications of SEC potentially permitting – or requiring – U.S. public companies to adopt IFRS, held on Dec. 17, 2007.
07-12-17 :
Highlights From SEC's Second Roundtables On IFRS For U.S. Companies
On Dec. 17, 2007 the SEC held the second of two roundtables to gather feedback on potentially permitting – or requiring- U.S. companies to file their financial statements with the SEC using IFRS instead of U.S. GAAP.
07-12-13 :
Highlights From SEC First Roundtable On IFRS Adoption For U.S. Companies
On Dec. 13, 2007, the SEC held the first of two roundtables aimed at gathering feedback on the ramifications of the SEC potentially permitting or requiring U.S. companies to file financial statements in IFRS instead of U.S. GAAP. A number of FEI members are participating on the roundtables.
07-12-13 :
FEI CEO's Top Challenges For Financial Executives In 2008
07-12-13 :
Detailed Summary Of SEC 's First IFRS Roundtable- Dec. 13, 2007
On Dec. 13, 2007, the SEC held the first of two roundtables aimed at gathering feedback on the ramifications of potentially permitting or requiring U.S. companies to file financial statements with the SEC in IFRS instead of U.S. GAAP.
07-12-12 :
FEI Members Participating On SEC IFRS Panels Dec. 13, 17
Four FEI members are among panelists appearing on the U.S. Securities and Exchange Commission’s (SEC’s) roundtables on International Financial Reporting Standards (IFRS) taking place on December 13 and December 17, 2007
07-12-07 :
FASB-AICPA Private Companies, Small Co Committees Meet
A number of FEI members participated in the December 6-7, 2007 meeting of the FASB-AICPA’s jointly sponsored Private Company Financial Reporting Committee (PCFRC). On the second day of the meeting, PCFRC met jointly with FASB’s Small Business Advisory Committee (SBAC).
07-11-27 :
McCreevy Says EU Should Accept U.S. GAAP Without Reconciliation
In remarks before the European Federation of Accountants (FEE) on Nov. 27, 2007, EU Internal Markets Commissioner Charlie McCreevy called the SEC’s November 15 decision to drop the IFRS reconciliation for foreign filers in the U.S. an "extraordinary breakthrough," and said now it is Europe's turn to accept U.S. GAAP.
07-11-27 :
FEI CFIT Chair Hawes Named To IASCF XBRL Advisory Committee
07-11-16 :
IASB Wants To Know: What Do You Think Of Their Website?
07-11-09 :
U.S. GAAP vs IFRS: The Basics, By E&Y
US GAAP/IFRS differences, by E&Y, Nov 2007
07-11-07 :
IASCF To Enhance Governance/Funding Strategy
On Nov. 6, 2007, the IASCF issued a press release announcing a strategy to enhance governance and reinforce public accountability. International securities regulators issued a related joint statement November 7.
07-11-01 :
International Accounting: November 07
As SEC talk turns to actions – towards accepting one set of accounting standards worldwide – serious concerns for American regulators and U.S. GAAP-filing companies surface and need to be addressed
07-10-24 :
Senate Hearing Asks: Is It Too Soon To Move To IFRS?
Following is a summary of the Oct. 24, 2007 Senate hearing on moving to one set of global accounting standards.
07-10-23 :
IASB Publishes For Comment ED Of Proposed Amendments To 25 IFRS
IASB publishes proposals for minor amendments under the first annual improvements project
07-09-17 :
IASB Proposes Improvements To Accounting For Joint Arrangements
On Sept. 17, 2007, the International Accounting Standards Board (IASB) published for public comment a proposal to improve the accounting for joint arrangements, ED 9.
07-09-06 :
IASB Revises IAS 1; Proposes Revision To IAS 39 On Hedge Accounting
On September 6, 2007, the IASB released a revision to IAS 1, “Presentation of Financial Statements,” and released proposed amendments to IAS 39 to provide additional guidance on hedge accounting.
07-08-08 :
Japan Accounting Board, IASB Agree On Accounting Standards By 2011
07-07-24 :
IASCF Seeks Four Trustees As McDonough, Others Retire; Reappoints Four
On July 24, 2007, the IASCF announced an international public search to replace four Trustees who are not eligible for reappointment or are retiring as Trustees, including IASCF Trustee William McDonough (former Chairman of the PCAOB and the New York Fed), who is stepping down as a Trustee. IASCF has also reappointed four Trustees to a second term.
07-07-20 :
IASB Publishes Proposed Guidance On Hedges Of A New Investment In A Foreign Operation
The International Financial Reporting Interpretations Committee (IFRIC) released for public comment a draft Interpretation, IFRIC D22 Hedges of a Net Investment in a Foreign Operation. The proposal is open for public comment until Oct. 17, 2007.
07-07-05 :
IFRIC Publishes Proposed Guidance on Real Estate Sales
07-05-03 :
IASB Issues Preliminary Views On Insurance Contracts
On May 3, 2007, the International Accounting Standards Board (IASB) announced the release of a discussion paper (DP): “Preliminary Views on Insurance Accounting”.
07-05-03 :
IASB Releases Preliminary Views on Insurance Contract For Comment
07-05-01 :
Recognizing IFRS, U.S. GAAP: New EU-US Transatlantic Framework
07-04-19 :
IASC Foundation Appoints Olivier Servais To Lead XBRL Initiative
07-04-03 :
IASB Publishes Staff Overview of IFRS for SMEs (Private Entities)
07-03-14 :
IASC Foundation Publishes Complete IASB Standards For 2007
07-03-01 :
IASB Posts Exposure Draft: IFRS Small And Medium-Sized Entities
On Feb. 26, 2007, the International Accounting Standards Board (IASB) posted on its website its Exposure Draft (ED) of proposed: "International Financial Reporting Standard (IFRS) for Small and Medium-sized Entities (SMEs)."
07-02-15 :
IASB Publishes Draft IFRS For SMEs, For Comments By October
07-02-07 :
IASB Extends Comment Period on Fair Value Measurement to May 4
On Feb. 5, 2007, the International Accounting Standards Board (IASB) announced it had extended the comment period on its Discussion Paper (DP) on Fair Value Measurement to May 4, 2007.
07-02-05 :
IASB Extends Period For Public Comment On Fair Value Measurements
07-01-25 :
IASB Proposes “Deemed Cost” Among Amendments to IFRS 1, First Time Adoption of IFRS
On Jan. 25, 2007, the International Accounting Standards Board (IASB) announced the release of an Exposure Draft (ED) containing proposed amendments to International Financial Reporting Standard (IFRS) No. 1, “First Time Adoption of IFRS.”
07-01-15 :
IASC 2007 Foundation Leadership Team, Includes FEI Member Sidwell
06-11-30 :
IASB Publishes Discussion Paper On Fair Value Measurements
06-11-30 :
IASB Issues IFRS 8, Convergence Standard On Segment Reporting
06-11-30 :
IFRIC Issues IFRIC 12, Interpretation On Service Concession Arrangements
06-11-06 :
Trustees Appoint IASB member From China, And Others
06-11-02 :
IFRIC Issues Interpretation On Group, Treasury Share Transactions
06-10-12 :
IASB Invites Nominations For Employee Benefit Working Group
06-10-03 :
IASB, ASBJ Hold Fourth Meeting on Joint Convergence
06-10-03 :
IASCF, IASB Launch New Website
06-09-12 :
IFRIC Publishes Proposed Guidance On Customer Loyalty Programs, Sep 06
The International Financial Reporting Interpretations Committee (IFRIC) has released for public comment a draft Interpretation, IFRIC D20 Customer Loyalty Programmes.
06-08-04 :
IASB Posts "Staff Draft" Of SME ED
IASB Posts a "staff draft" of its Exposure Draft (ED) being developed on International Financial Reporting Standards (IFRS) for Small and Medium Entities (SME's). Private companies and small public companies (small business) are among those that may find this of interest.
06-08-01 :
Australia G100 Comment Letter Re IFRIC Due Process For Information
06-07-25 :
IFRSs: IASB Takes Steps To Assist Adoption, Slows Effective Dates For New IFRSs
06-07-24 :
IASB To Review Standards On Employee Benefits, Leases, Related Parties
06-07-13 :
IASB Invites Applications for Board Members
06-07-05 :
Kenny, Ochi, Picker Appointed To IFRIC
06-06-22 :
IASB Invites Comments To Amended IAS 32
06-06-12 :
IASB and IASC Name Board Members
|
|
|