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Accounting Roundup: May 2011

Published on: Jun 03, 2011

Topics covered in this issue include the following:

Consolidations

  • IASB Publishes Final Standards on Consolidation, Joint Ventures, and Disclosures About Interests in Other Entities

Fair Value Measurements

  • FASB and IASB Issue Substantially Converged Requirements for Fair Value Measurement and Disclosure

Financial Instruments

  • FASB Reaches Tentative Decisions on Financial Instruments Project
  • FASB and IASB Reach Decisions on Impairment of Financial Assets
  • FASB to Consider Feedback on IASB’s Hedge Accounting ED
  • Update on the FASB/IASB Joint ED on Offsetting of Financial Assets and Financial Liabilities

Other Accounting

  • IASB Publishes Preliminary Conclusions of Strategy Review for Public Comment

Other SEC Matters

  • SEC Staff Paper Explores Method of Incorporating International Standards Into U.S. Reporting System
  • SEC Adopts Whistleblower Regulations
  • SEC Approves Rule Proposal for Nationally Recognized Statistical Rating Organizations
  • CAQ Releases Highlights of SEC Regulations Committee’s March 29 Meeting

Other Auditing

  • IAASB Publishes Revised International Assurance Standard for Public Comment

FASAB Matters

  • FASAB Issues Standard on Definitional Changes Related to Deferred Maintenance and Repairs

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