Summary
Governance, Accounting, & Compliance, a monthly newsletter, will keep you abreast of key issues and potential changes with respect to various accounting, financial reporting and convergence issues. It includes commentary, news briefs, a forward calendar, regulatory changes, and practical tips for financial professionals. It includes the most important issues of AFP's as reported in its weekly Governance, Accounting and Compliance newsletter.
The newsletter's PDF format allows for rich presentation of graphs and documents, as well as hyperlinks to online content such as white papers and comment letters to regulators.
Sample headlines:
- AFP Responds to SEC Staff Solicitation for Comment on SEC Staff Paper titled, Exploring a Possible Method of Incorporation of IFRS
- AFP Provides Comments to the IASB on its Proposed Accounting Standards on Hedge
- FASB and IASB Proposes Drastic Changes to Lease Accounting Rules
- FASB and IASB puts Moratorium on New Accounting Standards Until After Completion of Current Convergence Projects
- SEC Issues New Whistleblower Guidance
- PCAOB Proposes New Auditor Reporting Model
Who should read Governance, Accounting, & Compliance Newsletter?
- Financial executives, including:
- Chief Financial Officers
- Treasurers
- Controllers
- VPs of Finance
- Assistant Treasurers
EXCERPT
"Commentary: We will never arrive at a single set of accounting standards if every country thinks that they have the right to be an exception to the rule. The European Commission (EC) seems not to want one single set of accounting standards unless it is its accounting standards. While the EC states support International Financial Reporting Standards (IFRS), they "reserve their sovereign right to examine the suitability of any new standard before proceeding with its adoption." The European Union (EU) has already "carved-out" a section of IAS 39 for EU companies and in the EC's view their IFRS as adopted (or modified ) by the EU meets the criteria for financial statement filing in the United States without requiring any reconciliation. The EC also seems to have an issue with the requirement that the reconciliation concept proposed by the Securities and Exchange Commission allows only the English version of the IFRS as the legitimate version. "