- Provided by  September 2008 - Posts
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09/30/08 -- Proposed FSP No. FAS 144-d Offers a Converged Definition for Discontinued Operations The FASB issued Proposed FASB Staff Position (FSP) No. FAS 144-d, Amending the Criteria for Reporting a Discontinued Operation, on September 25, 2008. The...
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09/29/08 -- FASB Extends Deadline on Contingent Liabilities and Looks to 'Field Test' Proposed Rule The FASB extended the deadline one year to Dec. 15, 2009, on the proposed rule requiring companies to provide more detailed disclosures about contingent...
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09/26/08 -- SEC Adopts Foreign Issuer Reporting Enhancements in Release No. 33-8959 The SEC adopted multiple amendments to forms and rules for foreign private issuers in Release No. 33-8959, Foreign Issuer Reporting Enhancements, on September 23, 2008...
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09/24/08 -- FASB's Herz Continues Support for Fair Value in Addressing Financial Market Meltdown Robert Herz, chair of the Financial Accounting Standards Board, called the recent meltdown in the financial markets a result of the inadequacy of the...
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09/25/08 -- SEC Issues Final Rule on Cross-border Transactions in Release No. 34-58597 The SEC issued a final rule in Release No. 34-58597, Revisions to the Cross-Border Tender Offer, Exchange Offer, and Business Combination Rules and Beneficial Ownership...
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09/23/08 -- The SEC's Latest Short-Selling Order Protects Shares of Financial Companies In an emergency action on September 18, 2008, the SEC said it would temporarily prohibit short selling in the shares of 799 financial companies to "protect...
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09/22/08 -- Restrictions on Short Sales Are Issued in Release No. 34-58572 After the market close on September 17, 2008, the SEC issued Release No. 34-58572, Emergency Order Pursuant To Section 12(k)(2) of the Securities Exchange Act of 1934 Taking Temporary...
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9/18/08 -- FASB Issues Proposed Amendments to SFAS No. 140 and FIN No. 46(R) The FASB issued its much-anticipated proposals to amend the rules governing the securitization of financial instruments and balance-sheet consolidation on September 15, 2008...
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9/17/08 -- The FASB and the IASB's Revised MOU Outlines an Ambitious Convergence Agenda The FASB and the IASB laid out an ambitious agenda for converging their respective standards in the 2008 Memorandum of Understanding, which summarizes the major...
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9/16/08 -- FASB's Final FSP FAS No. 133-1 and FIN 45-4 Clarifies Credit Derivative Guidance The FASB issued Final FASB Staff Position (FSP) FAS No. 133-1 and FIN 45-4, Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB...
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9/15/08 -- Action Alert 08-37: FASB Plans to Review Comments on Proposed M&A Guidance At its weekly meeting on September 18, 2008, the Financial Accounting Standards Board will continue its discussions on mergers and acquisitions by a not-for-profit...
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09/12/08 -- PCAOB's Niemeier Criticizes Plan to Adopt IFRS In a pointed challenge to many of his colleagues in the accounting profession and at financial regulatory agencies, Charles Niemeier, a member of the Public Company Accounting Oversight Board...
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09/11/08 -- Oil and Gas Companies Weigh in on SEC's Proposed Model for Pricing Reserves Oil and gas companies and at least one of the Big Four auditing firms support the Securities and Exchange Commission?s proposal to permit regulatory filings to...
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9/10/08 -- FASB's Fair Value Measurements Webcast Scheduled for September 29 The Financial Accounting Standards Board will host a webcast on fair value measurements on September 29, 2008. The webcast, ?Application of Statement No. 157, Fair Value...
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9/09/08 -- SEC Amends Registration Requirements for Foreign Companies in Release No. 34-58465 On September 5, 2008, in Release No. 34-58465, Exemption from Registration Under Section 12(G) of The Securities Exchange Act of 1934 for Foreign Private Issuers...
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9/08/08 -- Action Alert No. 08-36: FASB to Converge Going Concern Guidance Under GAAP with IFRS The Financial Accounting Standards Board decided at its August 27, 2008, weekly meeting that the guidance under U.S. generally accepted accounting principles...
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09/05/08 -- FASB to Issue Proposed Guidance on Derecognition of Financial Assets in Mid-September The Financial Accounting Standards Board (FASB) will release three exposure drafts addressing the accounting for asset securitization on or around September...
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9/04/08 -- AICPA's Proposed Amendment of AU Section 722 Would Cover Private Company Interim Statements The Auditing Standards Board (ASB), the senior technical committee of the American Institute of Certified Public Accountants (AICPA) designated...
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9/03/08 -- Comment Deadlines for 10 SEC Proposals Set to Expire in Three Months The comment periods on 10 Securities and Exchange Commission proposals on various topics, including the credit rating agencies and energy company disclosure requirements,...
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9/02/08 -- SEC Releases Roadmap to International Accounting Standards The Securities and Exchange Commission unanimously approved a proposal of 2014 as the earliest date for the possible adoption of international accounting standards in the U.S., at its...
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