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 Asset Relief Program. Under the Treasury Department...

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 exposures to potential losses in the off-balance...

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 $50 billion temporary guaranty program relief from...

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 suggested that the standard-setter is still far...

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, 2008, open meeting.   Under the amendments...

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 No. 34-58911, Self-Regulatory Organizations;...

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 in Accordance with International Financial Reporting...

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 review the initial and subsequent measurement...

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 additional requirements on nationally recognized...

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 approval to draft the final version, when the Board...