FASB

FASB to Host March 12 Video Webcast, 2012 Chairman's Outlook on the FASB, with Leslie F. Seidman

Norwalk, CT, March 5, 2012—Financial Accounting Standards Board (FASB) Chairman Leslie F. Seidman will discuss the Board's priorities for 2012 during a live, hour-long video webcast at 11:30 a.m. EDT on Monday, March 12. The webcast, 2012 Chairman's Outlook on the FASB, will feature a discussion of several agenda projects, including nonprofit accounting and private company initiatives. [READ MORE]
  FASB and IASB to Address Frequently Asked Questions on Revised Exposure Draft, Revenue from Contracts with Customers, in February 29 Webcast Norwalk, CT, February 24, 2012—The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will hold a live, one-hour webcast to answer and discuss some of the questions and issues that have been raised during outreach on the Boards' proposals in their November 2011, revised Exposure Draft, Revenue from Contracts with Customers. The webcast takes place on Wednesday, February 29, from 11 a.m. to noon Eastern Standard Time. [READ MORE]
FASB and IASB to Host a Series of Outreach Meetings on Revised Revenue Recognition Proposals London and Norwalk, CT, February 17, 2012—The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will host a series of outreach meetings in March, April and May 2012 on their revised joint proposals for the recognition of revenue that were published in November 2011. [READ MORE]
FAF Releases Updated Print Edition of FASB Accounting Standards Codification Norwalk, CT, February 16, 2012—The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board's Accounting Standards Codification®, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP) for public and private companies, not-for-profits and other non-governmental organizations. [READ MORE]
Representatives of the Accounting Standards Board of Japan and the Financial Accounting Standards Board Hold Biannual Meeting Norwalk, CT, February 10, 2012—Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) met on February 6 and 7, 2012, in Norwalk, Connecticut. [READ MORE]
SEC Fee Rate Advisory #6 for Fiscal Year 2012 Washington, D.C., Mar. 1, 2012 — Pursuant to Section 31 of the Securities Exchange Act of 1934, the Commission has determined that a mid-year adjustment to the Section 31 transaction fee rate is necessary. Effective on April 1, 2012, the Section 31 transaction fee rate will be set at $22.40 per million. [READ MORE]
  SEC Proposes Rules To Help Prevent And Detect Identity Theft Washington, D.C., Feb. 28, 2012 – The Securities and Exchange Commission today announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags. [READ MORE]
  SEC Releases Risk Alert on Unauthorized Trading

Washington, D.C., Feb. 27, 2012 – The Securities and Exchange Commission today released an alert to help firms prevent and detect unauthorized trading in brokerage and advisory accounts. [READ MORE]

 

SEC Tightens Rules on Advisory Performance Fee Charges

Washington, D.C., Feb. 15, 2012 — The Securities and Exchange Commission today announced it is tightening its rule on investment advisory performance fees to raise the net worth requirement for investors who pay performance fees, by excluding the value of the investor's home from the net worth calculation. [READ MORE]

  Director of L.A. Office Rosalind Tyson to Retire after 30 Years of SEC Service

Washington, D.C., Feb. 13, 2012 — The Securities and Exchange Commission today announced that Rosalind Ramsey Tyson, Director of the SEC's Los Angeles Regional Office, will retire at the end of March after 30 years of service with the agency. [READ MORE]

AICPA AICPA to Release Results of its CPA Economic Outlook Index Thurs., March 8

New York, N.Y. (March 2) – The American Institute of CPAs will announce the results of its CPA Outlook Index (CPAOI), an indicator of how senior CPA business leaders view the U.S. economy, at 7:00 a.m. Eastern Standard Time, Thurs., March 8. The survey will be posted on www.aicpa.org/press. [READ MORE]

  American Institute of CPAs Provides Ten Tax Tips For Small Business Owners WASHINGTON (March 1, 2012) – Some small business owners think there's only one word (or at least the only one that can be mentioned here) when it comes to filing federal taxes: confusion. The American Institute of CPAs says the truth is that there are ten words you have to keep in mind in order to be sure you pay no more taxes than you're legally required to pay. [READ MORE]
  AICPA Calls for Improvements to IRS Examination Program to Relieve Taxpayer Burdens Washington (Feb. 28, 2012) – The American Institute of CPAs has raised a number of concerns with the Internal Revenue Service about the burden its correspondence audit program places on taxpayers selected for examination, Patricia Thompson, the chair of the AICPA Tax Executive Committee, told the IRS Oversight Board at a meeting today. [READ MORE]
  AICPA to Testify on IRS Correspondence Audits of Taxpayers at IRS Oversight Board Meeting Washington (Feb. 27, 2012) – Patricia Thompson, the chair of the Tax Executive Committee of the American Institute of CPAs, will testify at the IRS Oversight Board Meeting on Feb. 28 about how IRS correspondence audits can be more effective for the IRS and less burdensome for taxpayers. The meeting will begin at 1 p.m. ET at IRS Headquarters, 1111 Constitution Avenue, N.W., Washington, D.C. [READ MORE]
  10 Tax Tips for Filing Your 2011 Tax Return from the American Institute of CPAs WASHINGTON (Feb. 27, 2012) – Tax season is here again. While individual tax returns are not due until April 17 this year, America's CPAs remind taxpayers that getting an early start will make filing easier and the process smoother. [READ MORE]
PCAOB PCAOB Invites Auditors of Brokers and Dealers to Participate in its 2012 Forum on Auditing Smaller Broker-Dealers The Public Company Accounting Oversight Board today announced that it will host the Forum on Auditing Smaller Broker-Dealers in Chicago, Houston, Jersey City, and San Diego in 2012. [READ MORE]
PCAOB PCAOB Addresses Emerging Audit Issues in the 2012 Forum on Auditing in the Small Business Environment The Public Company Accounting Oversight Board today announced the 2012 schedule and agenda for its first Forum on Auditing in the Small Business Environment. [READ MORE]
PCAOB PCAOB Proposes to Amend Rules and Forms Related to Auditors of Brokers and Dealers The Public Company Accounting Oversight Board today proposed amendments to its rules and forms to apply them to auditors of brokers and dealers registered with the Securities and Exchange Commission, as authorized by the Dodd-Frank Act. [READ MORE]
PCAOB PCAOB Proposes to Amend Rules and Forms Related to Auditors of Brokers and Dealers The Public Company Accounting Oversight Board today issued for public comment a proposed auditing standard, Related Parties. The proposed standard would improve the auditor's evaluation of a public company's identification of, accounting for, and disclosure about its relationships and transactions with related parties. [READ MORE]
PCAOB PCAOB to Consider Proposed Standard on Related Parties, Significant Unusual Transactions, and Conforming Amendments to Include Broker-Dealer Auditors to Board Rules and Forms The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, Feb. 28, at 9:30 a.m., to consider issuing for public comment a proposed auditing standard on related parties and proposed amendments to other auditing standards to address certain related issues, including significant unusual transactions. [READ MORE]