- Provided by  August 2008 - Posts
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08/29/08 -- FASB to Issue Proposed Guidance on Accounting for Going Concerns The Financial Accounting Standards Board decided to issue separate proposed guidance on accounting for going concerns when it met on August 27, 2008 for its weekly board meeting...
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8/28/08 -- SEC Approves PCAOB Proposed Rule Changes in Release No. 34-58415 In Release No. 34-58415, the Securities and Exchange Commission issued an order approving proposed ethics and independence PCAOB Rule 3526, Communication with Audit Committees...
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08/27/08 -- FASB to Take on Hedge Accounting and Loss Contingency Disclosures Upcoming guidance on hedge accounting and disclosures related to loss contingencies will be some of the most important issues that the Financial Accounting Standards Board plans...
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8/26/08 -- FASB Codification Website Adds Business Combinations as a Topic The Financial Accounting Standards Board revised the verification website for its Accounting Standards Codification Project by adding guidance for business combinations on August...
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8/25/08 -- Action Alert No. 08-34: FASB Plans to Discuss Integration of Subsequent Events and Going Concerns into the Codification Project At its weekly meeting on August 27, 2008, the Financial Accounting Standards Board will discuss its plans for incorporating...
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08/22/08 -- SEC to Address Technology's Role in Submitting and Using Financial Information at October Forum The Securities and Exchange Commission will discuss how issuers and investors use financial information during the agency’s roundtable...
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8/21/08 -- SEC Unveils IDEA to Replace EDGAR The Securities and Exchange Commission's Internet-based IDEA system, for Interactive Data Electronic Applications, will be implemented in three years and mature within five, Chairman Christopher Cox said...
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SEC/GAAP Watch - August 20, 2008 The Board of Trustees of the Financial Accounting Foundation, the body that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, is to meet on August 26, 2008, in New York...
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8/19/08 -- Comment Deadlines for 11 SEC Proposals The comment periods on 11 Securities and Exchange Commission proposals on various topics, including the credit rating agencies, the Public Company Accounting Oversight Board, and energy company disclosure...
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8/18/08 -- SEC Release No. 34-58335 Approves Higher Pay for Independent Directors of Nasdaq Listed Companies The Securities and Exchange Commission approved a Nasdaq Stock Market LLC proposal to change the definition of an independent director in Release...
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08/15/08 -- SEC Gives Fast Track to SRO Insider Trading Agreement The Securities and Exchange Commission issued for public comment an agreement among the major securities stock exchanges to join forces in their oversight of insider trading. The order...
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8/14/08 -- FASB's Proposed Revisions to Hedge Accounting Guidance Aim for Simplification Sweeping changes may soon be in store for hedge accounting, given the strong support from constituents that a proposed amendment to current guidance has received...
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8/13/08 -- FASB's Emerging Issues Task Force to Address Five Issues at Next Meeting The Financial Accounting Standards Board's Emerging Issues Task Force is to discuss five issues at its September 10, 2008, meeting, including: EITF Issue No. 08...
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8/12/08 -- FASB and IASB Issue Exposure Drafts to Converge Earnings per Share Standards Both the Financial Accounting Standards Board and the International Accounting Standards Board issued exposure drafts on August 7, 2008, with amendments to their standards...
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8/11/08 -- Action Alert No. 08-32: FASB Decides on Effective Date for SFAS No. 140 and FIN No. 46(R) Amendments At its July 30, 2008, weekly meeting the Financial Accounting Standards Board decided that the proposed amendments to Statement of Financial...
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8/08/08 -- FASB Final FSP No. FAS 117-1 Provides Guidance on Classifying Endowment Assets The Financial Accounting Standards Board issued FASB Staff Position (FSP) No. FAS 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of...
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8/06/08 -- SEC Provides Conditions for Website Disclosures in Interpretative Release No. 34-58288 With the posting of Release No. 34-58288, Commission Guidance On The Use Of Company Web Sites, on August 1, 2008, the Securities and Exchange Commission...
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8/07/08 -- SEC Proposes Amendments to Municipal Securities Disclosures in Release No. 34-58255 The Securities and Exchange Commission issued a proposed rule in Release No. 34-58255, Proposed Amendment to Municipal Securities Disclosure, on July 30, 2008...
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8/05/08 -- SEC Issues Release Nos. 34-58253 and 34-58254 to Solicit Comments on Changes to the NYSE's Listing Requirements The Securities and Exchange Commission published Release No. 34-58253 and Release No. 34-58254 to solicit comments on rule changes...
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8/04/08 -- SEC Seeks Comments on PCAOB AS 6 in Release No. 34-58259 The Securities and Exchange Commission issued Release No. 34-58259, Public Company Accounting Oversight Board; Notice of Filing of Proposed Rule on Auditing Standard No. 6, Evaluating...
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08/01/08 -- FASB Approves 2010 Adoption Date for Amendments to SFAS No. 140 and FIN No. 46(R) The accounting rule amendments designed to end off-balance sheet treatment for qualified special purpose entities will become effective in 2010, the Financial...
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