- Provided by  November 2008 - Posts
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11/26/08 -- FASB Says Entities with Interests in SPEs Will Have to Reveal Maximum Loss Exposures The FASB approved a recommendation from its research staff that loan originators and servicers with stakes in special purpose entities disclose their maximum...
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11/25/08 -- In Release No. IC-28487, the SEC Provides Exemption for Money Funds Getting Treasury Backing The SEC adopted an interim final temporary rule on November 20, 2008, to provide money market funds participating in the Treasury Department's...
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11/24/08 -- FASB Will Reconsider Inclusion of Lessor Accounting In Lease Accounting Project The FASB's November 19, 2008, meeting dealt with one of the major stumbling blocks in the convergence project with the IASB, lease accounting, and the outcome...
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11/21/08 -- SEC Approved Rules for Electronic Distribution of Fund Prospectuses and Plain English Disclosures The SEC considered and unanimously voted to publish and adopt rule amendments intended to improve mutual fund disclosure during a November 19...
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11/20/08 -- In Release No. 34-58911, SEC Approves Nasdaq Proposal for Late Filers On November 6, 2008, the SEC approved a Nasdaq proposal to modify the procedures for listed companies that are late in filing a required periodic report with the SEC. Release...
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11/19/08 -- SEC Issued IFRS Roadmap in Release No. 33-8982 The SEC issued the long-awaited proposal to pave the way for U.S. companies to use global accounting rules in Release No. 33-8982, Roadmap for the Potential Use of Financial Statements Prepared...
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11/18/08 -- FASB Plans to Discuss Measurement of Lease Obligations The FASB plans to discuss its projects on lease accounting and financial instruments with characteristics of equity at its November 19, 2008, weekly meeting in Norwalk, CT. The Board will...
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11/17/08 -- SEC to Consider Proposals on Rating Agencies and Fund Disclosures The SEC plans to have an open meeting on November 19, 2008, to consider two regulatory and administrative proposals. The proposals include rule amendments that would: Impose...
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11/14/08 -- FASB Resolves Many Outstanding Issues on Guidance on Disclosures of Transferred Financial Assets The FASB Board discussed public comments on its project to require additional disclosures for off-balance-sheet transactions, giving its staff...
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11/13/08 -- IASB and FASB Announce Plans for Second and Third Global Financial Crisis Roundtables On November 6, 2008, the IASB and the FASB announced the dates for the remaining two public roundtable discussions to identify financial reporting issues...
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11/12/08 -- SLB No. 14D Clarifies Right to Reject Proposals on Corporate Charters The SEC?s division of corporation finance said there is ?some basis? for companies to omit shareholder proposals to amend a company?s charter under Rule 14a-8 of the Securities...
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11/11/08 -- Action Alert 08-45: FASB Will Discuss Disclosures for Transfers of Financial Assets At its weekly meeting on November 12, 2008, the FASB will redeliberate the proposed guidance on disclosures about transfers of financial assets and interests...
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11/07/08 -- In Proposed FSP No. FIN 48-c, the FASB Seeks a Partial Delay for Compliance with FIN No. 48 The FASB issued Proposed FASB Staff Position (FSP) No. FIN 48-c, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises, on...
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11/10/08 -- Financial Statement Users Suggest Changes to FASB?s Consolidation Rules A group of auditors, bankers, financial analysts and government officials met with the FASB Board at a special roundtable session on November 6, 2008, and discussed their...
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11/06/08 -- SEC and FASB Say Warrants in Bailout Package May Be Treated as Equity The SEC and the FASB told the Treasury Department that warrants issued under the government?s plan to buy troubled assets from financial institutions may be treated as permanent...
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11/05/08 -- Action Alert 08-44: Board Plans to Review Measurement of Assets and Liabilities Under Conceptual Framework At its weekly meeting on November 5, 2008, the FASB will continue its discussion of the methods for measuring different types of assets...
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11/04/08 -- Accounting for Business Combination Contingencies Swiftly Moving Forward The FASB considered amendments to clarify how assets and liabilities arising from contingencies in a business combination should be accounted for at its weekly Board...
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10/31/08 -- Mark-to-Market Problems Seen in Application, Not Practice Itself The panelists who took part in the first of two scheduled roundtables the SEC is holding as part of its congressionally-mandated study on mark-to-market accounting didn't...
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11/03/08 -- With SEC Release No. 33-8981, Electronic Filings Are Now Mandatory Under the Investment Company Act The SEC issued a final rule on October 29, 2008, requiring all applications for exemptions under the Investment Company Act of 1940 to be made...
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