AFP Topics: Governance, Accounting & Compliance - Association for Financial Professionals

Questions about this subject?

Contact Salome Tinker, AFP's Director of Accounting & Financial Reporting

Governance, Accounting & Compliance

Sept. 9, 2011 Extension - Raising the Bar: Tougher Reporting Requirement for Foreign Bank Account Holders (Whitepaper)
Answers to Common FBAR Questions

Governance, Accounting & Compliance newsletter now comes in two versions: weekly and monthly. Both will keep you abreast of key issues and potential changes with respect to accounting, financial reporting, corporate governance, regulatory changes, among many other topics. It includes commentary, news briefs, a forward calendar, regulatory changes, and practical tips for financial professionals. Learn more | Subscribe

December 14, 2011 - AFP Comments on FAF's Plan to Establish_the_Private Company Standards Improve Council
September 12, 2011 - AFP Comments to FinCEN and the IRS on FBAR
July 29, 2011 - AFP Comments to the SEC on exploring methods of converting to IFRS
March 11, 2011 - AFP Comments on Proposed Hedge Accounting Standards
Comment Letter Archives

March 26-27,2012 -Salome Tinker will provide the accounting update at the TEXPO conference hosted by the Dallas Regional Association for Financial Professionals.

Preparing for Sovereign Default With Greece near default and several other European nations downgraded by rating agencies (Portugal is now junk-bond status), the risk of default should be a significant concern for organizations that are heavy invested in these nations.
February 03, 2012
How Treasurers Apply Hedge AccountingWith updates being proposed, there is an expectation that hedge accounting regulations will be simplified. However, with the new proposals a few years away—and the enforcement of the new rules yet uncertain—financial professionals still need to overcome the compliance challenges today. This question is, how are treasurers applying hedge accounting?
January 17, 2012
Which Standard Setter will be Crowned the Winner in 2012?In the upcoming year, FASB has two matches ahead where it must defend its title. The first match is with AICPA over who should set standards for private sector accounting. FASB will also go up against IASB to keep its title as the premier standard setting authority for the United States, and for the most part, the world.
December 22, 2011
IRS Issues Guidance for Canadian Expats and FBAR NoncompliersThe IRS recently met with the U.S. Ambassador to Canada and Canadian officials to address their concerns about harsh penalties for failure to file timely reports regarding foreign bank account reporting (FBAR) requirements. As a result, the IRS issued a fact sheet that clarifies when a person would be subject to the penalties. The fact sheet provides examples for what the IRS considers “reasonable cause.”
December 19, 2011
Cash Repatriation Takes Center Stage at AFP Annual ConferenceBOSTON -- When is a dividend not a dividend? When a foreign country decides it is actually an intercompany loan. “One country might say it’s an intercompany loan, but the other country might say it’s a dividend, so make sure you have the proper documentation to show it’s really a dividend,” said Brenda Szymanowski, CTP, Corporate Treasurer, AstenJohnson, speaking at a cash repatriation session Monday at the AFP 2011 Annual Conference.
November 07, 2011

Governance, Accounting & Compliance

Resources

Newsletter

Comment Letters

Speaking Engagements

Articles

Upcoming Events