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10-06-01 :
Treasury: June 10
Corporate treasurers are enjoying the fruits of a relatively calm but still difficult treasury management environment.
09-08-12 :
U.S. Treasury Releases OTC Derivatives Legislation
On Aug. 11, 2009 the U.S. Treasury Department released their final piece of legislative language in their plan for Financial Regulatory Reform, which covers the regulation of OTC derivatives.
09-06-17 :
President Obama Announces A 'New Foundation' For Financial Regulatory Reform
On Wed., Jun. 17, 2009, President Barack Obama released his plan to restructure the U.S. financial regulation framework.
09-05-20 :
Do You Want To Teach?
Have you ever thought about teaching at the college level? Consider attending AAA's Conference on Teaching and Learning in Accounting, Sat. Aug. 1-Sun. Aug. 2, 2009 in New York City, held in conjunction with AAA's Annual Meeting Aug. 1-5. Separate registration for CTLA is required; space is limited.
09-05-14 :
Treasury, SEC, CFTC Call For Regulatory Reform Of OTC Derivatives
On May 13, 2009 federal regulators laid out a plan for regulatory reform of the over-the-counter derivatives market. The plan notes the need for legislation to amend certain provisions of the Commodity Exchange Act and the securities laws.
09-03-26 :
Administration Releases Regulatory Reform Proposal
On March 26, 2009 U.S. Treasury Secretary Timothy Geithner appeared before the House Financial Services Committee to address overhauling financial regulatory systems.
09-03-23 :
U.S. Treasury Secretary Geithner Releases Details On Public-Private Investment Program
On March 23, 2009 U.S. Treasury Secretary Tim Geithner released details of of a Public Private Investment Program which will utilize up to $1 trillion to buy up toxic assets dragging down balance sheets of financial institutions.
09-02-25 :
Narrative Responses Written In For "Other" To Q.3, FEI Survey On Treasury's Financial Stability Plan
09-02-25 :
Summary Results Of FEI Survey-U.S. Treasury Financial Stability Plan
09-02-25 :
Cross Tabulated Results By Type Of Company-FEI Survey On Treasury Financial Stability Plan
09-02-13 :
FEI Survey On The U.S. Treasury Department's Financial Stability Plan
09-02-10 :
Treasury Secretary Geithner Announces Administration's Financial Stability Plan
09-02-07 :
Timeline - Financial Crisis
09-01-29 :
House Passes Stimulus Legislation, Moves To Senate
On Jan. 28, 2009, the full House voted 244-188 to pass the $819 billion economic stimulus bill, "The American Recovery and Reinvestment Act."
09-01-27 :
Schapiro Confirmed As SEC Chair; Geithner At Treasury
08-12-01 :
economy: december 08
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.
08-11-20 :
Panelists Announced For SEC Forum On Small Business, Roundtable On Mark-To-Market
The SEC announced the panelists and agendas for its Nov. 20 Government-Business Forum on Small Business Capital Formation and its Nov. 21 Roundtable on Mark-to-Market Accounting.
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.
08-11-05 :
Treasury Posts Guidance From SEC, FASB On Equity Treatment Of CPP Warrants
Guidance issued by the U.S. Treasury Department on Oct. 31, 2008 on the Commercial Paper Program under the Emergency Economic Stabilization Act contained a link to a joint letter from the SEC and FASB providing gudiance on equity treatment of warrants under the program.
08-10-17 :
President Bush Speaks On The Economy
Earlier today (Oct. 17, 2008), President George W. Bush gave a presentation on the economy before the U.S. Chamber of Commerce in Washington, D.C. FEI was invited to attend the gathering of approximately 300 people.
08-10-14 :
Federal Government Releases Details On Actions Being Taken Under EESA
Earlier today, on a conference call, the White House released more specific information about the use of authority granted in the Emergency Economic Stabilization Act of 2008.
08-10-08 :
FEI Issues Statement Commending Response To Credit Crisis
On October 8, 2008, Financial Executives International (FEI) issued a statement in response to the credit crisis.
08-10-03 :
President Bush Signs Sweeping Financial Rescue Plan After House Passage
By a vote of 263-171, on Oct. 3, 2008, the House of Representatives voted to concur with the Senate version of the financial rescue bill, The Emergency Economic Stabilization Act of 2008.
08-10-01 :
Senate Passes Financial Rescue Bill – EESA, Goes To House Next
On Oct. 1, 2008 the U.S. Senate passed the Emeregency Economic Stabilization Act of 2008, a bill aimed at rescuing the financial markets and the broader economy from the current market turmoil. The next step is to go to the House for approval; a voted is expected by Fri., Oct. 3.
08-09-29 :
Emergency Economic Stabilization Act Awaits Congressional Vote
Congress is set to vote this week on the Emergency Economic Stability Act of 2008 (EESA). Mark-to-market accounting provisions are mentioned in the bill.
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.”
08-09-29 :
DJIA Suffers 778-Point Drop As House Defeats Bailout Bill; House To Reconvene Thursday
On Monday, Sept. 29, 2008, the House of Representatives narrowly defeated the proposed financial markets bailout legislation, billed as the Emergency Economic Stabilization Act of 2008.
08-09-28 :
Sections 132, 133 Of Emergency Economic Stability Act of 2008
Mark-to-market (MTM) accounting – also called fair value accounting - is addressed in Sections 132 and 133 of the Emergency Economic Stability Act of 2008 (EESA).
08-09-26 :
Treasury Advisory Committee On Auditing Profession (ACAP) Issues Final Report
On Sept. 26, 2008 the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP) voted to release its Final Report.
08-09-24 :
President Address To The Nation On U.S. Economy's 'Serious Financial Crisis'
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.
08-09-22 :
Treasury Proposes Legislation To Buy $700 Billion In Troubled Assets
On Sept. 20, 2008 the U.S. Treasury Department proposed legislation to Congress to allow Treasury to purchase $700 billion in troubled (mainly mortgage-related) assets.
08-09-08 :
Fannie Mae, Freddie Mac Placed Into Conservatorship; Aim For Stabilization
On Sun. Sept. 7, 2008 U.S. Treasury Secretary Henry M. Paulson and Federal Housing Finance Agency (FHFA) Director James Lockhart announced that FHFA has placed the two government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, into a conservatorship.
08-08-22 :
Fed Chairman Bernanke On Reducing Systemic Risk
Following are highlights from a speech earlier today by Federal Reserve Board Chairman Ben S. Bernanke on “Reducing Systemic Risk,” at the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyo.
08-06-09 :
Auditor Liability, Transparency, Human Capital Addressed By Panels At Treasury ACAP Meeting
On June 3, 2008, the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP), co-chaired by former SEC Chairman Arthur Levitt, Jr. and former SEC Chief Accountant Don Nicolaisen, received testimony from three panels of experts commenting on ACAP’s recommendations.
08-06-09 :
European Commission Recommends Member States Limit Auditor Liability
On June 6, 2008, the European Commission issued a recommendation that Member States limit auditor liability.
08-06-03 :
Treasury Adv Comm. On Audit Profession Seeks Comment On Additional Recommendations
On June 3, 2008, the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP), co-chaired by former SEC Chairman Arthur Levitt, Jr. and former SEC Chief Accountant Don Nicolaisen, received testimony from three panels of experts commenting on ACAP’s recommendations.
08-05-05 :
Treasury Committee On Audit Profession Publishing Draft Report For Comments
08-05-05 :
Summary Of Recommendations In ACAP Draft Report
08-04-09 :
U.S. Treasury Releases Restatements Study
On April 9, 2008, the U.S. Treasury Department releases its study of restatements.
08-03-31 :
Treasury Releases Blueprint On Modernizing Regulatory Structure
On March 31, 2008, the U.S. Treasury Department released its Blueprint for a Modernized Regulatory Structure.
08-03-26 :
Paulson Encourages Regulators To Work Together; Blueprint Coming Soon
Following is a summary of U.S. Treasury Secretary Henry M. Paulson's remarks at the U.S. Chamber of Commerce Second Annual Capital Markets Summit on March 26, 2007.
08-03-26 :
Treasury Secretary Paulson, E&Y CEO Addresses To U.S. Chamber Of Commerce March 26
Henry Paulson's speech to the U.S. Chamber of Commerce Capital Markets Competitive Conference on March 26, 2008
08-03-13 :
Preliminary Recommendations of Treasury ACAP Subcommittees
08-03-13 :
In Response To Market Turmoil, President's Working Group Issues Recommendations
U.S. Treasury Secretary Henry M. Paulson, Jr. announced on March 13, 2008 the Presidents Working Group issued recommendations in response to the recent market turmoil.
08-01-11 :
No Risk From U.S. Accounting Firm Concentration, Says GAO Report
08-01-08 :
SEC Won't Object To Treatment Of Certain Mortgage Modifications; Disclosures Required
On Jan. 8, 2008, U.S. SEC Chief Accountant Conrad Hewitt, sent a letter to Sam Ranzilla, chairman of the AICPA's Professional Practice Committee, and Arnold C. Hanish, chairman of Financial Executives International’s (FEI’s) Committee on Corporate Reporting providing the views of the SEC staff on certain accounting and disclosure issues relating to mortgage modifications and related activity.
08-01-02 :
Tax Study Released by U.S. Treasury Department
On Dec. 20, 2007, the U.S. Treasury Department’s Office of Tax Policy released its study on: “Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century.”
07-12-03 :
Cangemi To Treas.: Preparers Want 'Quality Audits, Properly Scoped, Reasonable Cost'
07-11-21 :
Paulson Supports Nomination of Shulman As IRS Commissioner
Treasury Secretary Paulson issued a statement Nov. 21, 2007, saying that he is “extremely pleased that the President intends to nominate Doug Shulman to be IRS Commissioner."
07-10-25 :
Chairman Rangel Introduces Comprehensive Tax Reform Bill
On Oct. 25, 2007 House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) introduced a comprehensive tax relief and reform bill.
07-10-10 :
Treasury, HUD, Mortgage Servicers, ASF Take Steps to Stem Foreclosures
On Oct. 10, 2007, U.S. Treasury Secretary Henry M. Paulson and HUD Secretary Alfonso Jackson announced 11 of the largest mortgage servicers and the American Securitization Forum (ASF) – joined an alliance to stem the tide of foreclosures.
07-09-19 :
FEI Committees Urge IRS To Preserve Policy of Restraint
In a letter to policymakers at the Internal Revenue Service (IRS) and the Treasury Department, FEI’s Committee on Taxation (COT) and Committee on Corporate Reporting (CCR) have urged the IRS to maintain its current “policy of restraint” with regards to tax accrual workpapers.
07-09-06 :
President Bush Plan On Subprime Mortgages; Bank Regulators’ Statement
07-09-01 :
Procuring Tax and Compliance Services
Here are five steps for managing the procurement process for external tax and compliance services.
07-06-07 :
Kevin M. Brown Serving As Acting IRS Commissioner
07-04-03 :
FEI Tax Committee Comments On Proposed Business Tax Hikes
07-03-01 :
FIN 48: Are Gray Skies Going to Clear Up?
FIN 48 is more than changes to rules and disclosures, says this accounting firm partner, who predicts the ramifications of adopting new income tax accounting rules will reverberate louder and further than companies may realize.
07-02-12 :
Finance Executives´ Tax Policy Forecast For 110th Congress
07-02-06 :
Select Provisions Of The Administration's FY ´08 Budget
07-01-17 :
Senate Finance Committee Considers Further Restrictions On Deferred Comp
06-12-12 :
2006 Global Tax Risk Survey, By E&Y
06-11-14 :
Increasing Regs Change Corporate Tax Dept Role, KPMG Survey
06-07-10 :
Paulson Sworn In As 74th U.S. Treasury Secretary
Henry M. Paulson was sworn in as the 74th U.S. Treasury Secretary saying, "We must always remember that the strength of the U.S. economy is linked to the strength of the global economy," and that it is "critical for the U.S. to remain actively engaged with our economic partners."
06-06-11 :
Senate Fails to Consider Estate Tax Bill
06-05-18 :
President Bush Signs Tax Reconciliation Bill Into Law
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