SEC Holds Two Roundtables on IFRS for Domestic Companies
The U.S. Securities and Exchange Commission recently held two roundtables on a concept release which discusses allowing U.S. Companies to report their financial information using International Financial Reporting Standards. ...more
FSP Position to Delay Part of FAS 157 Released
The Financial Accounting Standards Board has released a staff position document that would delay the effective date of FAS 157 on Fair Value Measurements for nonfinancial assets and nonfinancial liabilities to fiscal years beginning after November 15, 2008. ...more
New Business Combinations Standard Issued by FASB
The Financial Accounting Standards Board on Dec. 4 issued a revised statement on accounting for Business Combinations. ...more
New Financial Reporting Format Released for Public Review
The labels are currently supported by nine software companies whose products will enable public companies to make quarterly and annual financial reports available in interactive data form instead of text form. ...more
FASB Releases Preliminary Views on Financial Instruments with Characteristics of Equity
The Financial Accounting Standards Board released for public comment on Nov. 30 their preliminary views document on Financial Instruments with Characteristics of Equity. ...more