FASB

IASB and FASB Seek to Reduce Differences in Classification and Measurement Models for Financial Instruments

London and Norwalk, CT, January 27, 2012—The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments.. [READ MORE]
  FASB Publishes Proposal for Impairment of Indefinite-Lived Intangible Assets Norwalk, CT, January 25, 2012—The Financial Accounting Standards Board (FASB) today issued for public comment a proposed Accounting Standards Update on indefinite-lived intangible asset impairment testing that is intended to simplify impairment assessment and reduce the recurring costs to comply with existing guidance while improving the consistency of testing methods among long-lived asset categories for preparers. [READ MORE]
U.S. GAAP Financial Reporting Taxonomy Now Available Norwalk, CT, January 18, 2012—The Financial Accounting Standards Board (FASB) today announced the availability of the 2012 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC).[READ MORE]
SEC SEC Names Jeanette M. Franzel to the Public Company Accounting Oversight Board Washington, D.C., Feb. 3, 2012 – The Securities and Exchange Commission today announced that it has named Jeanette M. Franzel to be a member of the Public Company Accounting Oversight Board (PCAOB). Ms. Franzel, currently a Managing Director of the U.S. Government Accountability Office (GAO) with over 20 years of public service, will replace Daniel L. Goelzer, one of the founding members and a former interim Chairman of the five-member Board. [READ MORE]
  SEC Advisory Committee on Small And Emerging Companies to Meet Wednesday Washington, D.C., Jan. 26, 2012 — The Securities and Exchange Commission announced today that its Advisory Committee on Small and Emerging Companies will meet on Wednesday, February 1, beginning at 10 a.m. EST. [READ MORE]
  Fee Rate Advisory #5 for Fiscal Year 2012

Washington, D.C., Jan. 18, 2012 – The Securities and Exchange Commission today published on its website a request for public comment on financial literacy and investor disclosure issues that it is studying as part of a review mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. [READ MORE]

 

SEC Seeks Public Comment for Financial Literacy Study Mandated by Dodd-Frank Act

Washington, D.C., Jan. 18, 2012 – The Securities and Exchange Commission today published on its website a request for public comment on financial literacy and investor disclosure issues that it is studying as part of a review mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. [READ MORE]

  SEC Names Jane Norberg as Deputy Chief of Whistleblower Office

Washington, D.C., Jan. 17, 2012 – The Securities and Exchange Commission today announced that Jane A. Norberg has been appointed as Deputy Chief of the Office of the Whistleblower, which oversees the agency's whistleblower program. [READ MORE]

  SEC Inspector General H. David Kotz to Leave Commission

Washington, D.C., Jan. 17, 2012 — The Securities and Exchange Commission today announced that Inspector General H. David Kotz will leave the agency at the end of January to join a private investigative services firm. [READ MORE]

AICPA 75% of CEOs Admit There is Room for Improvement in the Measurement of Non-Financial Value

New York and London (Jan. 31, 2012) – In the wake of the financial crisis, three-quarters of the world's CEOs say more emphasis should be placed on measuring the value of non-financial assets such as intellectual capital and customer relationships to drive long-term performance, according to research from the American Institute of CPAs and Chartered Institute of Management Accountants. [READ MORE]

  Top AICPA Tax Expert Available to Comment on Tax Changes Proposed by President Obama in State of the Union Message President Obama is expected to mention a number of highly-charged income tax changes in his State of the Union Address tonight. [READ MORE]
  NASBA and AICPA Give Final Approval to Revisions to Continuing Professional Education (CPE) Provider Standards NASHVILLE, TN and New York, NY (January 24, 2012) – The Boards of Directors for both the National Association of State Boards of Accountancy (NASBA) and the American Institute of Certified Public Accountants (AICPA) today announced final approval of the proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards), the framework for the development, presentation, measurement and reporting of CPE programs. [READ MORE]
  New Conference Offers Strategies For Dealing With Stepped-Up IRS Scrutiny New York (Jan. 19, 2012)—Recent government statistics show that the Internal Revenue Service has increased its scrutiny of tax returns and tax professionals, particularly where small business owners or high-wealth individuals are concerned. [READ MORE]
  AICPA Launches eBook Versions of Popular Titles for the Accounting Profession NEW YORK (Jan. 19, 2012)–Audit and accounting guides from the American Institute of Certified Public Accountants have been popular desk reference tools for decades. With many now available as eBooks, they're perfect for CPAs and finance professionals on the go, too. [READ MORE]
  AICPA, FOX Financial Planning Network Partner to Help CPAs Expand Offerings Las Vegas (Jan. 17, 2012) – The American Institute of Certified Public Accountants today announced a partnership with Fox Financial Planning Network, a financial services consulting firm in San Diego, to help CPAs add financial planning to their practices. The partnership comes as clients increasingly look to CPAs for broader financial advice. [READ MORE]
  New Survey: Saving Takes Priority for Young Adults This Year NEW YORK, January 5, 2012 — Young adults have made saving a priority this year – ahead of losing weight, living healthier and other typical New Year's resolutions – as financial concerns take a toll on their friendships and personal lives, according to a new survey by the American Institute of Certified Public Accountants and the Ad Council. [READ MORE]
PCAOB PCAOB to Host a Public Meeting March 21-22 on Auditor Independence and Audit Firm Rotation The Public Company Accounting Oversight Board announced today that it will host a public meeting to obtain further input on ways to enhance auditor independence, objectivity, and professional skepticism, including through mandatory rotation, or term limits, for audit firms. [READ MORE]
IASB IASB and FASB seek to reduce differences in classification and measurement models for financial instruments The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments. [READ MORE]
  Yael Almog appointed as Executive Director of the IFRS Foundation The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, today announced the appointment of Yael Almog as Executive Director of the IFRS Foundation. [READ MORE]
  IFRS Foundation Trustees and representatives from the Singapore Accounting Standards Council and local business community meet to discuss financial reporting matters The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), met with representatives of the Singapore Accounting Standards Council (ASC) and the local business community on 12 January 2012 [READ MORE]