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Accounting Roundup

Accounting Roundup, published monthly, summarises selected recent accounting and financial reporting developments from the FASB, GASB, EITF, SEC, AICPA, PCAOB, and IASB. Links are provided to websites containing additional information on each topic.

Related Publications

  • Accounting Roundup: February 2014

    Mar 04, 2014

    This issue features articles on (1) the FASB’s latest deliberations on simplifying the accounting for goodwill for public business entities, (2) COSO’s new thought paper on improving organizational performance and governance, and (3) the AICPA’s new standard on an external auditor’s use of internal auditors.

  • Accounting Roundup: January 2014

    Feb 04, 2014

    This issue features articles on (1) new alternatives to U.S. GAAP for private companies, including guidance on accounting for goodwill and certain interest rate swaps, (2) the FASB´s newest ASUs related to consensuses reached by the EITF at its November 2013 meeting, and (3) the SEC´s release of examination priorities for the current year.

  • Accounting Roundup: November 2013

    Dec 03, 2013

    This issue features articles on: (1) the IASB’s latest amendments to IFRS 9, which introduce a new hedge accounting model to, and remove the mandatory effective date from, IFRS 9; (2) the FASB’s endorsement of private-company accounting alternatives related to the following aspects of U.S. GAAP: (a) goodwill and (b) hedging relationships involving variable-rate debt and a pay-fixed, receive-floating interest rate swap; and (3) the decisions made by the EITF at its November 2013 meeting.

  • Accounting Roundup: October 2013

    Nov 04, 2013

    This issue features articles on: (1) the FASB’s issuance of two new proposed ASUs based on consensuses-for-exposure reached by the EITF at its September 2013 meeting, (2) the PCAOB’s new standards on the examination of broker-dealer compliance and exemption reports and on auditors’ reporting on supplemental information accompanying the financial statements, and (3) the SEC’s proposed rules on crowdfunding and assessing diversity practices and policies.

  • Accounting Roundup: August 2013

    Sep 04, 2013

    This issue features articles on (1) the FASB’s issuance of two new proposed ASUs that address alternatives to U.S. GAAP for private companies and define which entities would qualify for those alternatives, (2) the PCAOB’s recently issued proposals that could significantly alter auditors’ reporting requirements, and (3) the SEC’s proposed rule on credit risk retention for securitizers of asset-backed securities.

  • Accounting Roundup: July 2013

    Aug 05, 2013

    This issue features articles on: (1) the FASB’s issuance of three new, narrow-scope ASUs related to the accounting for income taxes, hedge accounting, and disclosure by nonpublic employee benefit plans, (2) the IAASB’s release of an exposure draft that would make audit reports more informative, and (3) new regulatory requirements for banking organizations and broker-dealers.

  • Accounting Roundup: May 2013

    Jun 04, 2013

    This issue features articles on the FASB’s and IASB’s issuance of a revised ED on lease accounting, COSO’s release of its revised 'Internal Control — Integrated Framework', and the SEC’s issuance of FAQs on conflict minerals and disclosures about payments made by resource extraction issuers.