- Provided by  October 2008 - Posts
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10/28/08 -- Action Alert No. 08-43: FASB Plans to Vote on Finalizing Pension Disclosures At its October 29, 2008, weekly meeting, the FASB will continue its discussion of guidance on pension plan disclosures and the accounting for assets and liabilities...
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10/29/08 -- In Release No. 34-58834, NYSE Temporarily Suspends Listing Rule to Aid Mortgage Lender In Release No. 34-58834, the SEC approved an application from the New York Stock Exchange LLD to temporarily suspend a stock-price listing requirements...
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10/27/08 -- IASB and FASB Advance Effort to Converge Fair Value Guidance The IASB's research staff presented a summary update of the international standard-setter's fair value project and the recommendations from an IASB-backed advisory panel...
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10/24/08 -- Nasdaq Suspends Dollar Delisting Threshold in Release No. 34-58809 In Release No. 34-58809, Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Temporarily Suspend, through January 16, 2009, the Continued Listing Requirements...
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10/23/08 -- FASB and IASB Support Proposal Tightening Guidance on Derecognition of Financial Assets The FASB and IASB Boards voted in preference of a more stringent approach in determining the sale of a financial asset that would consider factors such...
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10/22/08 -- Crisis Task Force to Focus on Links Between Financial Reporting and Investor Confidence The FASB and the IASB, during the first day of their two-day meeting, said on October 20, 2008, they plan to empanel their credit crisis task force quickly...
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10/21/08 -- IASB and FASB Publish Discussion Paper on Proposed Enhancements to Financial Statement Presentation The FASB and the IASB published for comment a joint Discussion Paper (DP), PV No. 1630-100, Preliminary Views on Financial Statement Presentation...
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10/20/08 -- Short-Sale Reporting Requirements for Money Managers Are Extended in Release No. 34-58785 The SEC adopted an interim final temporary rule in Release No. 34-58785, Disclosure of Short Sales and Short Positions by Institutional Investment Managers...
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10/17/08 -- Comment Deadlines for Nine FASB Proposals The comment periods on nine FASB proposals to amend various accounting standards are scheduled to expire in the next three months. • Emerging Issues Task Force (EITF) Issue 08-6 (Draft Abstract...
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10/16/08 -- FASB Issues Draft Guidance on Going Concerns and Subsequent Events The FASB issued Exposure Draft (ED) No. 1640-100, Subsequent Events, and ED No. 1650-100, Going Concern, on October 9, 2008. The separate but related proposed statements incorporate...
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10/15/08 -- FASB Clarifies Fair Value Guidance for Inactive Markets in Final FSP No. FAS 157-3 The FASB issued Final FASB Staff Position (FSP) No. FAS 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active...
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10/14/08 -- Action Alert No. 08-41: Board Plans to Discuss Comments on FIN No. 48 At the FASB's October 15, 2008, weekly meeting, Board members will discuss comments submitted about deferring compliance with FASB Interpretation (FIN) No. 48, Accounting...
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10/13/08 -- PCAOB Schedules Meeting of Standing Advisory Group The PCAOB's Standing Advisory Group will meet on October 22- 23, 2008, in Washington. The SAG will discuss audit considerations relating to the current economic environment; the PCAOB's...
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10/10/08 -- Results of Fair Value Study Should Be in by January 2009 The SEC said on October 7, 2008, it will need three months to complete the study of mark-to-mark accounting ordered by Congress as part of the financial bailout package. The banking...
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10/09/08 -- Constituents Raise Issues With FASB's Fair Value Proposal The FASB?s request for comments on its proposed interpretation of fair value accounting in illiquid markets continues to bring a flurry of impassioned responses from individuals...
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10/08/08 -- In Release No. 34-58696, SEC Issues Proposal To Make STRIPS Eligible for Interbank Service The SEC issued Release No. 34-58696, Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Rules of the Government Securities...
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10/07/08 -- Two More Short-Sale Restrictions Are Extended Two additional extensions on the restrictions against short selling were issued by the SEC on October 2, 2008 ? Release No. 34-58723, Order Extending Emergency Order Halting Short Selling in Financial...
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10/06/08 -- SEC Extends Short Selling Emergency Orders With the issuance of Release Nos. 34-58711 and 34-58703, the SEC extended its emergency order halting abusive ?naked? short selling that was initially announced after market close on September 17...
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10/03/08 -- FASB Will Issue FSP to Expand Guidance on Implementing SFAS No. 157 The FASB instructed its research staff to proceed rapidly with drafting proposed implementation guidance for SFAS No. 157, Fair Value Measurements. The decision, which...
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10/02/08 -- In Release No. 33-8961, SEC Amends Item 407 of Regulation S-K The SEC adopted a technical amendment to Item 407 of Regulation S-K in Release No. 33-8961, Technical Amendment to Item 407 of Regulation S-K, on September 26, 2008. The final rule...
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10/01/08 -- FASB May Review Fair Value Implementation Issues The FASB may review the guidance governing fair value accounting, a proposal that had been part of the huge bailout of the financial industry that Congress rejected on September 29, 2008. ?All...
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