Tax & Accounting

1/07/09 -- FASB Amended Pension Disclosure Requirements in Final FSP No. FAS 132(R)-1

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 07 Jan 2009 00:00:00 GMT

1/07/09 -- FASB Amended Pension Disclosure Requirements in Final FSP No. FAS 132(R)-1 The FASB's Final FASB Staff Position (FSP) No. FAS 132(R)-1, Employers? Disclosures about Postretirement Benefit Plan Assets, will make employers provide more transparency...(read more)

1/06/09 -- SEC Issues Final Rule on Energy Reserves in Release No. 33-8995

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 06 Jan 2009 00:00:00 GMT

1/06/09 -- SEC Issues Final Rule on Energy Reserves in Release No. 33-8995 The SEC issued a final rule updating the disclosure requirements for oil and gas producers in Release No. 33-8995, Modernization of Oil and Gas Reporting, on December 31, 2008...(read more)

01/05/09 -- Pension Disclosure Requirements Are Amended In Final FSP No. FAS 132(R)-1

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 05 Jan 2009 00:00:00 GMT

01/05/09 -- Pension Disclosure Requirements Are Amended In Final FSP No. FAS 132(R)-1 The FASB's Final FASB Staff Position (FSP) No. FAS 132(R)-1, Employers? Disclosures about Postretirement Benefit Plan Assets, will require employers to provide more...(read more)

12/31/08 - Final Guidance Issued in 2008 Focused on Fair Value, Off-Balance-Sheet Activity

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 31 Dec 2008 00:00:00 GMT

12/31/08 - Final Guidance Issued in 2008 Focused on Fair Value, Off-Balance-Sheet Activity For the FASB, the bleak news from the financial sector and the response to the credit crisis dictated much of the standard-setting activity during 2008. A large...(read more)

12/30/08 - FASB Continues Planned Reform of Financial Instrument Guidance

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 30 Dec 2008 00:00:00 GMT

12/30/08 - FASB Continues Planned Reform of Financial Instrument Guidance The FASB issued Proposed FASB Staff Position (FSP) No. 107-a, Disclosures about Certain Financial Assets: An Amendment of FASB Statement No. 107, on December 24, 2008. With the...(read more)

12/29/08 - Pension Bill May Ease Funding Requirements for Cash-Strapped Plan Sponsors

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 29 Dec 2008 00:00:00 GMT

12/29/08 - Pension Bill May Ease Funding Requirements for Cash-Strapped Plan Sponsors President Bush's signing of the Worker, Retiree and Employer Recovery Act of 2008 on December 23, 2008, hardly solves all the problems plan sponsors have with underfunded...(read more)

12/23/08- FASB Opts for Stricter Guidance on Off-Balance-Sheet Activities

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 23 Dec 2008 00:00:00 GMT

12/23/08- FASB Opts for Stricter Guidance on Off-Balance-Sheet Activities The FASB decided to keep with its ambitious schedule for amending off-balance-sheet accounting, resisting pressure from constituents seeking to delay the stricter rules, when it...(read more)

12/22/08 -- FINRA Chief Mary Schapiro Named by Obama to Head SEC

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 22 Dec 2008 00:00:00 GMT

12/22/08 -- FINRA Chief Mary Schapiro Named by Obama to Head SEC President-elect Barack Obama nominated Mary Schapiro to serve as chairwoman of the SEC, replacing Christopher Cox. Making the formal announcement during a December 18, 2008, press conference...(read more)

12/19/08 -- SEC Adopts Final Rule Amendments on XBRL, Approves 2009 PCAOB Budget

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Fri, 19 Dec 2008 00:00:00 GMT

12/19/08 -- SEC Adopts Final Rule Amendments on XBRL, Approves 2009 PCAOB Budget The SEC approved final rule amendments requiring public companies and mutual funds to provide disclosure information using eXtensible Business Reporting Language (XBRL),...(read more)

12/18/08 -- Proposed FSP No. FAS 141(R)-a Would Amend Subsequent Measurement of Contingencies Acquired in a Business Combination

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Thu, 18 Dec 2008 00:00:00 GMT

12/18/08 -- Proposed FSP No. FAS 141(R)-a Would Amend Subsequent Measurement of Contingencies Acquired in a Business Combination The FASB issued Proposed FASB Staff Position (FSP) No. FAS 141(R)-a, Accounting for Assets Acquired and Liabilities Assumed...(read more)

12/17/08 -- Cox Emphasizes Benefits of Fair Value Accounting, Independent Standard-Setting

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 17 Dec 2008 00:00:00 GMT

12/17/08 -- Cox Emphasizes Benefits of Fair Value Accounting, Independent Standard-Setting With the SEC nearing completion of its congressionally mandated study of mark-to-market accounting, the agency's chairman said the final document is likely...(read more)

12/16/08 -- SEC to Discuss Final Rule on XBRL Disclosures

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 16 Dec 2008 00:00:00 GMT

12/16/08 -- SEC to Discuss Final Rule on XBRL Disclosures The SEC will meet on December 17, 2008, to discuss a series of rulemaking proposals, including the use of the eXtensible business reporting language, mutual fund disclosures with interactive data...(read more)

12/15/08 -- Credit Crisis and Accounting for Financial Assets Will Be Addressed in Upcoming Board Meetings

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 15 Dec 2008 00:00:00 GMT

12/15/08 -- Credit Crisis and Accounting for Financial Assets Will Be Addressed in Upcoming Board Meetings The FASB will have a busy prelude to the holiday season, based on its agenda for the week of December 15, 2008. The Board will hold a special meeting...(read more)

12/12/08 -- FASB Will Hold Series of Meetings on Conceptual Framework Definition of a 'Reporting Entity'

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Fri, 12 Dec 2008 00:00:00 GMT

12/12/08 -- FASB Will Hold Series of Meetings on Conceptual Framework Definition of a 'Reporting Entity' The FASB approved a staff schedule for future discussions and the issuance of an exposure draft on a conceptual framework for reporting entities...(read more)

12/11/08 -- SEC Chief Accountant Continues Push for IFRS, XBRL

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Thu, 11 Dec 2008 00:00:00 GMT

12/11/08 -- SEC Chief Accountant Continues Push for IFRS, XBRL Clear and straightforward financial reporting provides investors with the best information, and that is the best argument for the U.S. adoption of IFRS, said Conrad Hewitt, the SEC's chief...(read more)

12/10/08 -- SEC Issues Release No. 34-59062 to Improve Disclosures in Municipal Bond Market

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 10 Dec 2008 00:00:00 GMT

12/10/08 -- SEC Issues Release No. 34-59062 to Improve Disclosures in Municipal Bond Market The SEC issued Release No. 34-59062, Amendment to Municipal Securities Disclosure, on December 5, 2008. The final rule amends some of the requirements regarding...(read more)

12/09/08 -- In Release No. 34-59036, SEC Grants Accelerated Approval for Options Clearing Corporation Rule

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 09 Dec 2008 00:00:00 GMT

12/09/08 -- In Release No. 34-59036, SEC Grants Accelerated Approval for Options Clearing Corporation Rule On December 1, 2008, the SEC granted accelerated approval of a proposed rule change to the Options Clearing Corporation's stock loan and hedge...(read more)

12/08/08 -- FASB Will Launch its Accounting Standards Codification in July 2009

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 08 Dec 2008 00:00:00 GMT

12/08/08 -- FASB Will Launch its Accounting Standards Codification in July 2009 The FASB said December 4, 2008, that the Accounting Standards Codification will go live July 1, 2009, replacing all U.S. GAAP from the FASB, the AICPA, the Emerging Issues...(read more)

12/05/08 -- SEC Adopts One Final Rule on Rating Agencies, Proposes Amendments to Others

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Fri, 05 Dec 2008 00:00:00 GMT

12/05/08 -- SEC Adopts One Final Rule on Rating Agencies, Proposes Amendments to Others The SEC stopped short of adopting sweeping changes to the rules governing credit rating agencies, and instead approved a series of heightened disclosure requirements...(read more)

12/04/08 -- SEC Warns Brokerage and Fund Management Officials to Not Stint on Compliance Programs

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Thu, 04 Dec 2008 00:00:00 GMT

12/04/08 -- SEC Warns Brokerage and Fund Management Officials to Not Stint on Compliance Programs Lori Richards, the SEC?s compliance director, sent an open letter to SEC-registered companies on December 2, 2008, to remind them that as they consider ways...(read more)

12/03/08 -- FASB Approves EITF Guidance and Proposals

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 03 Dec 2008 00:00:00 GMT

12/03/08 -- FASB Approves EITF Guidance and Proposals During its November 24, 2008, meeting, the FASB endorsed five decisions the Emerging Issues Task Force reached two weeks earlier on five issues. Three of the EITF issues ratified by the Board were...(read more)

12/02/08 -- Nasdaq Proposal in SEC Release No. 34-59014 Would Require Partnerships to Get Shareholder Approval Before Issuing Stock Options

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 02 Dec 2008 00:00:00 GMT

12/02/08 -- Nasdaq Proposal in SEC Release No. 34-59014 Would Require Partnerships to Get Shareholder Approval Before Issuing Stock Options The Nasdaq OMX Group Inc. proposed a rule amendment that would require limited partnerships to seek shareholder...(read more)

12/01/08 -- SEC Staff Issues Guidance For Proxy Statements Under the TARP

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Mon, 01 Dec 2008 00:00:00 GMT

12/01/08 -- SEC Staff Issues Guidance For Proxy Statements Under the TARP The SEC issued staff guidance for financial institutions filing proxy statements for securities purchases under the government?s financial bailout package, known as the Troubled...(read more)

11/26/08 -- FASB Says Entities with Interests in SPEs Will Have to Reveal Maximum Loss Exposures

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Wed, 26 Nov 2008 00:00:00 GMT

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...(read more)

11/25/08 -- In Release No. IC-28487, the SEC Provides Exemption for Money Funds Getting Treasury Backing

ppc.thomson.com: RIA Home | RIA SEC/GAAP Watch — Tue, 25 Nov 2008 00:00:00 GMT

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...(read more)