AccountingLink

    More topics

    24 July 2015

    Financial Reporting Developments - Earnings per share
    We have updated our Financial reporting developments publication on earnings per share to reflect new guidance on master limited partnership dropdown transactions and updates to existing guidance on common practice issues. Refer to Appendix D of the publication for a list of the updates.

    24 July 2015

    Financial Reporting Developments - Joint ventures
    We have updated our FRD publication on joint ventures to clarify and enhance our interpretative guidance. Refer to Appendix E of the publication for a detailed list of these updates.

    23 July 2015

    To the Point: FASB simplifies the subsequent measurement of inventory
    The FASB issued final guidance that simplifies the subsequent measurement of certain inventories by replacing today’s lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out (LIFO) and the retail inventory method (RIM). Entities that use LIFO or RIM will continue to use existing impairment models.

    29 June 2015

    Financial Reporting Developments - Segment reporting
    We have updated our FRD publication on segment reporting to clarify and enhance our interpretative guidance. Refer to Appendix D of the publication for a detailed list of these updates.

    29 April 2015

    To the Point – FASB proposes an overhaul of not-for-profit financial statements
    The FASB issued a proposal that would significantly change the financial statements of not-for-profit (NFP) entities, including business-oriented health care entities. The proposal would require two rather than three net asset classes and standardized measures of operating performance. It also would change how NFPs report cash flows, classify expenses and provide information about liquidity. Business-oriented health care NFPs would not be allowed to present a performance indicator as a US GAAP measure. These changes are intended to make the financial statements of NFPs easier for donors, creditors and other users to understand and compare.

    27 February 2015

    Financial Reporting Developments - Exit or disposal cost obligations
    We have updated our Financial Reporting Developments publication on exit or disposal cost obligations to provide additional interpretive guidance.

    18 February 2015

    Financial Reporting Developments - Accounting changes and error corrections
    We are issuing our Financial Reporting Developments publication on accounting changes and error corrections. This publication is designed to assist professionals in understanding the financial reporting issues associated with accounting changes (including changes in accounting principle, changes in estimates and changes in reporting entity) and error corrections.

    9 January 2015

    To the Point - FASB eliminates reporting of extraordinary items
    The FASB issued final guidance that simplifies income statement presentation by eliminating extraordinary items. This is the first standard under the FASB’s simplification initiative.

    11 December 2014

    Accounting pronouncements effective in 2014
    Several new accounting pronouncements are effective for 2013 interim or annual periods for calendar-year entities. We have listed those pronouncements, along with descriptions of related EY publications. All entities should carefully evaluate which accounting requirements apply to them for the first time in 2013.

    9 December 2014

    To the Point - FASB holds forum on financial disclosures
    The FASB held a forum with representatives of preparers and users of financial statements, as well as standard setters and regulators, to share views on financial disclosures. The FASB was seeking input on how to improve disclosures and how to proceed with its disclosure framework project.

    8 December 2014

    To the Point - FASB proposes disclosures about investments in other investment companies
    The FASB proposed aligning certain presentation and disclosure requirements for investment companies regulated by the Investment Company Act of 1940 with those that are not regulated by the Act. The proposal would require feeder funds that are not regulated by the Act to provide the master fund’s financial statements along with its financial statements, similar to Securities and Exchange Commission guidance for feeder funds regulated under the Act. It also would require funds that are regulated by the Act to disclose certain information about investments held by investee funds that exceed 5% of the reporting investment company’s net assets; today, only funds not regulated by the Act are required to make these disclosures. Comments are due by 17 February 2015.

    5 December 2014

    Technical Line - Companies may be subject to excise taxes under Affordable Care Act
    Companies may be subject to excise taxes under the employer mandate provisions of the Affordable Care Act if they do not offer full-time employees and their dependents health care coverage or do not offer coverage that meets certain requirements. Companies may need to begin accruing for the taxes in 2015, and estimating those liabilities may require significant judgment.

    26 November 2014

    Comment Letter - Technical corrections and improvements
    In our comment letter on the Proposed Accounting Standards Update, Technical Corrections and Improvements, we agree that for the most part, the proposed changes would clarify the Codification, correct unintended application of guidance or make minor improvements to the Codification that would not be expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. However, we express concern about certain of the proposed amendments.

    13 November 2014

    Disclosure effectiveness: What investors, company executives and other stakeholders are saying
    With the SEC staff looking at ways to improve disclosures, we invited investors, company executives and other stakeholders to share their views on topics such as the objectives of SEC reporting, priorities and challenges for changes to current disclosure requirements and voluntary improvements that companies can make now. Our publication summarizes their views.

    12 November 2014

    Financial Reporting Developments - Discontinued operations (following the adoption of ASU 2014-08)
    We have issued our Financial reporting developments publication on reporting discontinued operations following the adoption of Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The ASU changes the definition of a discontinued operation and requires new disclosures of discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The guidance is effective for calendar year-end companies in 2015, and early adoption is permitted.

    22 October 2014

    Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations
    We have updated our FRD on bankruptcy, liquidation and quasi-reorganizations to include interpretative guidance on issues faced by entities during and upon emergence from Chapter 11 bankruptcy. Refer to Appendix B of the publication for a detailed listing of these updates.

    21 October 2014

    Disclosure effectiveness: What companies can do now
    Making business and financial disclosures more effective has become a focus of regulators and standard setters around the world. Our publication, Disclosure effectiveness: What companies can do now , explores how companies can implement the SEC staff’s recommendations for reducing repetition, focusing on material information and eliminating outdated information. The publication includes illustrations, leading practices and practical steps to make companies’ year-end disclosures more meaningful.

    16 October 2014

    To the Point - FASB finishes deliberations on not-for-profit proposal
    The FASB has wrapped up deliberations on a proposal that would change financial reporting by all not-for-profit entities, including business-oriented health care entities. Our To The Point discusses the Board’s proposed changes to how not-for-profit entities classify net assets, measure financial performance and cash flows, classify expenses, and provide information about liquidity.

    16 October 2014

    To the Point - FASB issues simplification proposals on debt issuance costs and retirement benefits
    The FASB issued proposals to simplify the presentation of debt issuance costs and the measurement date for defined benefit pension and other postretirement benefit plan sponsors as part of the Board’s simplification initiative. Our To the Point publication tells you what you need to know about the exposure drafts.

    13 October 2014

    To the Point - Michigan enacts legislation that could affect income apportionment
    In response to a Michigan Supreme Court decision, Michigan has enacted legislation that may alter the way a taxpayer determines Michigan taxable income. Our To the Point publication tells you what you need to know about the new legislation.

    30 September 2014

    Comment Letter - FASB proposal to eliminate the concept of extraordinary items
    In our comment letter, we supported the FASB's efforts to reduce the cost and complexity of financial reporting by eliminating the concept of extraordinary items. We believe the proposal would not affect the quality of information provided to financial statement users.

    30 September 2014

    Comment Letter - FASB proposal to simplify the measurement of inventory
    In our comment letter, we said we do not support the FASB’s proposal to measure inventory at the lower of cost or net realizable value (LCNRV). For entities that use the last-in, first-out (LIFO) accounting method in declining price environments, we believe the Proposed Standard could increase the cost and complexity of preparing the financial statements and, in certain circumstances, reduce the usefulness of the information provided to users. We also said the continuing acceptability of the retail inventory method should be made more clear in a final standard.

    4 September 2014

    To the Point - FASB requires management to assess an entity’s ability to continue as a going concern
    The FASB issued final guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern and to provide disclosures when certain criteria are met. Our To the Point publication tells you what you need to know.

    14 August 2014

    To the Point - New projects added to FASB and EITF agendas
    The Financial Accounting Standards Board added several projects to its agenda and to that of the Emerging Issues Task Force at its latest agenda prioritization meeting. Several of these projects are part of the Board’s simplification initiative. Projects were added to the FASB’s agenda to address accounting for income taxes and to simplify the presentation of debt issuance cost, the measurement date for defined benefit plans and the balance sheet classification of debt. Projects were added to the EITF’s agenda to address the fair value hierarchy levels for certain investments measured at net asset value and the effects on historical earnings per unit of master limited partnership dropdown transactions. See our To the Point for details.

    21 July 2014

    Financial Reporting Developments - Statement of cash flows
    We have updated our Financial Reporting Developments publication on statement of cash flows to provide additional interpretive guidance.

    17 July 2014

    To the Point - Proposals would eliminate extraordinary items and simplify accounting for inventory
    The FASB issued proposals to simplify income statement presentation by eliminating extraordinary items and to simplify the subsequent measurement of inventory by replacing today’s lower of cost or market test with a lower of cost or net realizable value test. Our To the Point publication tells what you need to know about these proposals, which are the first in a FASB initiative to simplify US GAAP in the near term.

    14 July 2014

    Comment Letter - Chapter 8: Notes to financial statements
    In our comment letter, we supported the FASB’s objective of improving disclosure effectiveness in the notes to the financial statements by developing a framework the Board would apply when creating new disclosure requirements and evaluating existing ones. However, we are concerned that the proposed framework would actually perpetuate the significant expansion in disclosure that has occurred over the past few decades. We suggest changes to the framework, including the testing process, and recommend that the Board provide guidance on materiality and clearly distinguish between annual and interim requirements.

    13 March 2014

    Accounting pronouncements effective for the first quarter of 2014
    Several new accounting pronouncements are effective for the first quarter of 2014 for calendar-year entities. We list them below, along with descriptions of related EY publications. All entities should carefully evaluate which accounting requirements apply to them for the first time.

    6 March 2014

    Technical Line - A closer look at the new definition of a public business entity
    The FASB has issued a broad new definition of a public business entity that it is using to consider whether an entity can use accounting alternatives developed by the Private Company Council and other private company relief the FASB provides in new standards. Certain non-issuers and other entities that are considered nonpublic under other definitions that exist in US GAAP now qualify as public business entities. Our Technical Line tells you what you need to know about the new definition.

    6 March 2014

    To the Point - A framework to help the FASB establish effective disclosures
    The FASB proposed adding a chapter to its conceptual framework that is intended to improve the Board’s process for establishing disclosure requirements. Our To the Point publication tells you what you need to know about the proposal.

    16 January 2014

    To the Point - A new method of accounting for investments in qualified affordable housing projects
    The FASB issued final guidance that allows investors to elect to use the proportional amortization method to account for investments in qualified affordable housing projects if certain conditions are met. Under this method, which replaces the effective yield method, an investor amortizes the cost of its investment, in proportion to the tax credits and other tax benefits it receives, to income tax expense. The guidance also introduces disclosure requirements for all investments in qualified affordable housing projects, regardless of the accounting method used for those investments. While the guidance is effective for annual periods beginning after 15 December 2014, early adoption is permitted. Our To the Point publication tells you what you need to know about the new guidance.

    9 January 2014

    Technical Line - Federal grant policies for recipients are streamlined and changed
    The US Office of Management and Budget has streamlined and consolidated its grant guidance for recipients and made other changes to make federal programs more efficient and effective. The final guidance will allow new grantees to use a minimum flat indirect cost rate and provide opportunities for certain grantees to simplify the reporting needed to validate personnel costs. It also may lead to more robust subrecipient monitoring and increase the focus on internal controls over compliance with federal program rules. The guidance also modifies the major program determination process and raises the audit threshold and the minimum Type A/B program threshold to $750,000. Our Technical Line publication tells you what you need to know about the changes.

    12 December 2013

    Accounting pronouncements effective in 2013
    Several new accounting pronouncements are effective for 2013 interim or annual periods for calendar-year entities. We have listed those pronouncements, along with descriptions of related EY publications. All entities should carefully evaluate which accounting requirements apply to them for the first time in 2013.

    10 October 2013

    Technical Line - How investment companies would apply the new guidance on liquidation basis accounting
    The FASB's guidance requiring entities to begin preparing financial statements on a liquidation basis when liquidation is imminent applies to all investment companies, except those regulated under the Investment Company Act of 1940 or those following a liquidation plan established at inception. Once an investment company determines that applying the liquidation basis is appropriate, financial statement presentation and disclosures would change and the recognition and measurement of accounts may change. Our Technical Line describes what investment companies need to know about when and how to apply the liquidation basis of accounting.

    18 September 2013

    To the Point - FASB chairman sets new priorities
    The FASB is setting new priorities under Russell Golden, who took over as chairman on 1 July, and James Kroeker, who joined the FASB as vice chairman on 1 September. Completing the major convergence projects with the IASB is the current focus. Mr. Golden also is looking beyond those projects and plans to focus on topics such as disclosure effectiveness, debt and equity, issues in pension and hedge accounting, as well as operational issues. This To the Point discusses what you need to know about the FASB’s priorities.

    17 September 2013

    Accounting pronouncements effective for the third quarter of 2013
    Several new accounting pronouncements are effective for the third quarter of 2013 for calendar-year entities. We have listed those pronouncements in our document, along with descriptions of related EY publications. All entities should carefully evaluate which accounting requirements apply to them for the first time.

    8 August 2013

    To the Point - FASB proposes new definition of a public company for future standard setting
    The FASB proposed guidance to define a public business entity and to identify the types of entities that would be excluded from the scope of the Private Company Decision-Making Framework. See the proposal (pdf, 344kb)  and our To the Point publication for further information.

    23 April 2013

    To the Point - FASB issues new liquidation basis accounting guidance
    The FASB issued final guidance requiring entities to begin preparing financial statements on a liquidation basis when liquidation is imminent, as defined in the standard. The guidance doesn’t apply to investment companies regulated under the Investment Company Act of 1940 or limited-life entities that follow a liquidation plan established at their inception. The guidance is effective prospectively for reporting periods beginning after 15 December 2013. Early adoption is permitted.

    22 April 2013

    Technical Line - Changes proposed to federal grant policies
    The US Office of Management and Budget has proposed streamlining its grant guidance and making other changes aimed at increasing the effectiveness and efficiency of federal programs. The proposal would allow new grantees to use a minimum flat indirect cost rate for a few years and provide opportunities for certain grantees to simplify the reporting needed to support salary charges. It also may lead to more robust subrecipient monitoring. Other proposed changes include streamlining the compliance requirements tested in the Circular A-133 audit, changes to the major program determination process and raising the audit threshold to $750,000. Our Technical Line publication tells you what you need to know about the proposed changes.

    16 April 2013

    Technical Line - How to report AOCI in interim periods
    ASU 2013-02 amended interim and annual reporting requirements about accumulated other comprehensive income (AOCI) for public and nonpublic companies. In interim periods, public companies are required to report information about reclassifications out of AOCI and changes in AOCI balances. Nonpublic companies are required to report only changes in AOCI balances. This Technical Line addresses implementation of the ASU for interim reporting. The ASU is effective for the first quarter of 2013 for calendar-year public companies.

    27 March 2013

    To the Point - New guidance for not-for-profit entities
    The American Institute of Certified Public Accountants (AICPA) has issued a comprehensive revision of its Audit and Accounting Guide, Not-for-Profit Entities,for the first time in 15 years. Questions raised as the Guide was being updated have resulted in new guidance from the Emerging Issues Task Force (EITF) on two not-for-profit topics. Our To the Point publication summarizes the guidance from the AICPA and the EITF.

    27 February 2013

    Technical Line - What the new AOCI disclosures will look like
    The FASB has issued new guidance requiring companies to report, in one place, information about reclassifications out of accumulated other comprehensive income (AOCI). Public companies must make the disclosures in fiscal years and interim periods within those years beginning after 15 December 2012. For calendar-year public companies, that means the first quarter of 2013. Our Technical Line describes the requirements and provides examples of what the disclosures might look like.

    13 December 2012

    Accounting pronouncements effective in 2012
    Several new accounting pronouncements are effective for 2012 interim or annual periods for calendar-year entities. We have listed those pronouncements in our publication, along with a description of the related Ernst & Young resources. All entities should carefully evaluate which accounting requirements apply to them for the first time in 2012.

    15 November 2012

    To the Point - Management would have to assess going concern
    The FASB tentatively decided to require management to assess a company’s ability to continue as a going concern and the need for disclosure when certain levels of uncertainty exist. This would be a change because today’s requirement to assess a company’s ability to continue as a going concern rests primarily with auditors. The FASB expects to issue a proposal in the first quarter of 2013.

    1 October 2012

    Comment Letter - The liquidation basis of accounting
    We support the Board’s efforts to provide guidance on how and when to apply the liquidation basis of accounting. This Proposed Update would promote consistency in how and when entities apply the liquidation basis of accounting and would provide information that is more relevant to users of the financial statements.

    23 August 2012

    Technical Line - New principles and criteria for assessing the quality of XBRL files
    The AICPA issued Principles and Criteria for XBRL-Formatted Information, which can help companies improve the quality of the financial information they format in computer-readable XBRL and submit to the SEC and other regulators. The document is especially useful now that the SEC staff has indicated it will begin issuing comment letters on XBRL exhibits shortly. Our Technical Line publication summarizes what you need to know about the AICPA document.

    23 August 2012

    To the Point - Sustainability reporting gets a boost from stock exchanges
    The NASDAQ Stock Market became one of the latest stock exchanges to urge listed companies to measure and report on environmental and social issues. Our To the Point publication tells you what you need to know about the trend.

    9 August 2012

    To the Point - No IPEs, but fair value could still be an option
    The FASB tentatively decided not to develop entity-based accounting guidance for investment property entities (IPEs). The Board plans to consider the results of related standard-setting projects before deciding whether to pursue another approach, such as developing asset-based guidance for investment property, or to abandon the investment property project entirely. Our To the Point publication describes the Board’s latest decisions.

    7 August 2012

    Technical Line - Lessons learned from our review of restatements
    Our Technical Line discusses the accounting topics that gave rise to restatements and will be helpful for companies as they perform internal risk assessments and evaluate their control environment.

    27 July 2012

    To the Point - Qualitative impairment test added for indefinite-lived intangibles
    The FASB issued final guidance giving companies the option to perform a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. Our To the Point summarizes what you need to know about the Accounting Standards Update.

    21 June 2012

    To the Point - Now is the time to address disclosure overload
    The volume of disclosures required in annual reports has grown sharply over the past two decades, largely fulfilling the prediction made in a 1994 study. Our To the Point publication updates the study of the average number of pages devoted to footnotes and Management’s Discussion and Analysis in annual reports of a select group of companies and highlights the plans of the FASB and SEC staff to increase the effectiveness of disclosures.

    24 May 2012

    Proxy season 2012 - early voting results
    This publication provides a view into early voting patterns and shareholder campaigns regarding director elections, say-on-pay proposals, and shareholder proposals, all of which guide expectations as the proxy season unfolds.

    17 April 2012

    Proxy season 2012: trends in proxy statement disclosure
    An early look at the 2012 proxy season shows that companies are using the proxy statement as a strategic tool to strengthen board communications with shareholders, effectively enhancing transparency around their corporate governance practices and policies. This publication reviews the emerging trends in proxy statement disclosures among large US companies and the evolving corporate governance practices they reflect.

    16 February 2012

    Proxy season 2012: board priorities for shareholder engagement
    This issue offers boards insights into investor priorities for 2012 so they can better prepare for shareholder engagement and communications. It offers an overview of the emerging corporate governance themes and highlights key shareholder initiatives that are expected to dominate the proxy season. Stay tuned for the remaining Proxy Perspectives during the proxy season.

    9 February 2012

    Audit committee - leading practices and trends
    This publication outlines key considerations for audit committees as they focus on risk oversight, committee composition and self assessment. Also included are suggestions for executive sessions, interaction with other board committees, continuing education and new member orientation.

    2 February 2012

    2011 year-end issues audit committees should consider
    Audit committees continue to face change, economic volatility and regulatory uncertainty as they head into the year-end reporting season. Our publication, 2011 year-end issues audit committees should consider, discusses the key challenges facing audit committees and lays out 20 questions audit committees should consider as they prepare for their upcoming discussions. Our publication also provides additional insights by references to other Ernst & Young publications.

    12 January 2012

    Technical Line - Accounting for incentive payments for using electronic health records
    Many questions have arisen about the appropriate accounting treatment for incentive payments under the Medicare and Medicaid programs for certain eligible professionals and hospitals that meaningfully use certified electronic health record (EHR) technology. The SEC staff has informally expressed its view on the accounting treatment of these payments. Our Technical Line discusses the SEC staff’s view and the accounting implications of these incentive payments for issuers and non-issuers that operate hospitals.

    30 September 2011

    Comment Letter - Concept release on possible revisions to PCAOB standards related to reports on audited financial statements
    Our comment letter to the PCAOB supports responsible change to the auditor reporting model and outlines a possible approach to revising the auditor’s reporting model.

    21 September 2011

    Dangerous world - practical steps for global companies to evaluate and address corruption risk
    Corruption risk continues to be a significant concern for global companies. The trend of increased Department of Justice and SEC enforcement of the US Foreign Corrupt Practices Act continues in the US. We provide suggestions for how large and mid-size companies should go about evaluating their corruption risks and put a program in place to address these risks responsibly.

    11 August 2011

    Technical Line - Current economic conditions - financial reporting considerations
    The downgrade by S&P of the long-term sovereign credit rating of the United States has contributed to the recent volatility in the capital markets. It also raises a number of financial reporting considerations, including whether US Treasury rates can continue to be used as the risk-free interest rate for financial reporting purposes. Our Technical Line publication discusses this and other matters.

    1 June 2011

    InSights - Regulatory compliance: adapting to a pressurized environment
    This edition of InSights looks at how company compliance functions are adapting to more stringent regulatory environment. It is based on conversations with audit committee chairs, compliance executives and a broad range of other advisors.

    1 April 2011

    Proxy Perspectives: Proxy season preview board priorities in 2011
    Our publication outlines what boards need to know now as we enter the 2011 shareholder meeting season.

    1 April 2011

    Proxy Perspectives: Shareholders target board oversight of company tax strategy
    Our publication discusses shareholder concerns about board oversight of risks arising from a company’s tax strategy.

    7 January 2011

    2010 year-end issues audit committees should consider
    Our publication discusses 2010 year-end issues top of mind for audit committee members.

    5 January 2011

    Hot Topic - Loss contingency disclosure
    Our Hot Topic provides a more in-depth view of the SEC staff’s actions and expected actions related to loss contingency disclosure.

    17 September 2010

    Comment Letter - Disclosure of certain loss contingencies
    While significantly improved over the first exposure draft in 2008, our comment letter expresses concerns regarding whether the loss contingency proposal is operational and would achieve the FASB's disclosure objectives.

    2 June 2010

    EY summary of COSO study on fraudulent financial reporting
    Our report summarizes the COSO report analyzing fraudulent financial reporting between 1998-2007.

    27 January 2010

    Comment Letter - Proposed ASU on subsequent events
    This comment letter provides our views on the FASB's proposal on subsequent events.

    15 January 2010

    Technical Line - Venezuela as a highly inflationary economy
    Our Technical Line addresses the accounting for a change from a non-highly inflationary economy for Venezuela to a highly inflationary economy.

    23 December 2009

    Venezuela to be Considered "Highly Inflationary" for 2010 Reporting Periods
    Our publication provides guidance on the inflationary status of Venezuela.

    13 November 2009

    Hot Topic - Accounting for financial instruments: A changing landscape
    Our Hot Topic provides a summary of FASB actions taken to date in their Accounting for Financial Instruments project and provides an overview of the current status of issues being considered and tentative decisions reached. It also provides an overview of the chapters of IFRS 9 recently issued.

    31 July 2009

    Hot Topic - Financial Crisis Advisory Group reports to the FASB and IASB
    Our Hot Topic summarizes the Financial Crisis Advisory Group report to members of the FASB and IASB on the standard-setting implications of the global financial crisis.

    15 May 2009

    Comment Letter - FASB proposal related to various technical corrections
    This comment letter provides our views on certain technical corrections proposed by the FASB.

    5 December 2008

    Comment Letter - FASB and IASB Exposure Drafts on earnings per share
    This comment letter provides our views of both the FASB and IASB proposals on the calculation of earnings per share.

    1 December 2008

    Counterparty nonperformance risk
    Our publication highlights important accounting and reporting considerations related to counterparty nonperformance risk.

    21 November 2008

    Technical Line - Two-class method of computing EPS: Applying FSP EITF 03-6-1/EITF 07-4
    Our Technical Line addresses the guidance issued by the FASB and the EITF on applying the two-class method of computing EPS in certain instances.

    3 October 2008

    Comment Letter - IASB/FASB Joint Conceptual Framework Project - DP/ITC on Reducing Complexity in Reporting Financial Instruments
    This comment letter provides our views on the joint IASB/FASB Discussion paper on reducing complexity in financial instruments.

    26 September 2008

    Hot Topic - Effect of surcharges on frequent flier programs on travel liabilities
    Our Hot Topic addresses questions that have arisen as to how certain FFP surcharges should be considered in an airline’s calculation of the travel liabilities associated with its frequent flier program.

    5 September 2008

    Hot Topic - FASB releases proposed Statement to amend Statement 128, Earnings Per Share
    Our Hot Topic summarizes the changes proposed in the FASB proposal on earnings per share. The FASB issued the proposal as part of a joint project with the IASB. The IASB also issued an Exposure Draft proposing amendments to IAS 33.

    10 July 2008

    Comment Letter - FASB Request for Additional Comments NFP: M&A
    This comment letter provides our views on the FASB's proposal on mergers and acquisition of not-for-profit entities.

    27 June 2008

    Comment Letter - Recommendations of the Treasury Advisory Committee on the accounting and auditing profession
    This comment letter provides our views on the Treasury Advisory Committee on the accounting and auditing profession.

    2 May 2008

    Comment Letter - FASB Proposed FSP FAS 117-a-NFP endowments
    This comment letter provides our views on the FASB's proposed FSP on endowments held by not-for-profits.

    13 March 2008

    Comment Letter - Proposed FSP SOP 90-7-a, An Amendment of AICPA Statement of Position 90-7
    This comment letter provides our views on the proposed amendment of AICPA Statement of Position 90-7. This Sop related to entities undergoing reorganization or bankruptcy.

    1 March 2008

    Helping you prepare for your annual meeting
    Our publication is designed to help companies prepare for their annual shareholder meetings and provides questions we believe shareholders are likely to ask.

    10 February 2008

    Comment Letter - Proposed changes to structure of the FASB
    This comment letter provides our views on the Financial Accounting Federation's proposal to change the structure of the FASB and GASB.