AccountingLink

 

23 June 2014

Comment Letter - AICPA’s proposed statement on standards for attestation engagements (pdf, 44.7kb)

Provides EY views on the AICPA’s proposed statement on standards for attestation engagements.

19 June 2014

Financial Reporting Developments - Segment reporting (pdf, 731.4kb)

Updated to further clarify and enhance our interpretive guidance.

19 June 2014

Technical Line - FASB changes accounting for certain repurchase agreements and requires new disclosures (pdf, 369.2kb)

Analyzes new guidance for accounting for certain repurchase agreements.

19 June 2014

Technical Line - Using the 2014 XBRL US GAAP Taxonomy (pdf, 176.9kb)

Summarizes leading practices for selecting the most appropriate XBRL tags for transitioning to the 2014 taxonomy.

19 June 2014

To the Point - Awards with targets that affect vesting and that could be achieved after the requisite service period (pdf, 114.1kb)

Discusses final guidance that a performance target that affects vesting and that could be achieved after the requisite service period is a performance condition.

19 June 2014

To the Point - Boards continue their march toward new leases standard (pdf, 124.1kb)

Discusses developments on the joint proposal on leases.

18 June 2014

Financial Reporting Developments - Bankruptcies, liquidations and quasi-reorganizations (pdf, 1.4mb)

Updated to include interpretative guidance on issues faced by entities during and upon emergence from Chapter 11 bankruptcy.

16 June 2014

Technical Line - A closer look at the new revenue recognition standard (pdf, 1.3mb)

Analyzes the new guidance and highlights key changes from current practice.

16 June 2014

Technical Line - New revenue standard affects more than just revenue (pdf, 146.7kb)

Focuses on significant changes the FASB made to other parts of US GAAP through the consequential amendments.

13 June 2014

EITF Update - June 2014 (pdf, 163.1kb)

Discusses the two final consensuses reached at the June EITF meeting.

12 June 2014

Financial Reporting Briefs - Second quarter 2014 (pdf, 704.5kb)

Provides an update on second quarter financial reporting developments. Industry-specific versions are available.

12 June 2014

Financial Reporting Developments - Joint ventures (pdf, 528.9kb)

Updated to clarify and enhance our interpretive guidance on transfers and servicing of financial assets.

5 June 2014

Financial Reporting Developments - Foreign currency matters (pdf, 931.2kb)

Updated to clarify and enhance our interpretive guidance.

5 June 2014

Financial Reporting Developments - Issuer’s accounting for debt and equity financings (pdf, 3.1mb)

Updated to provide additional interpretive guidance related to the accounting for debt and equity financings.

5 June 2014

To the Point - FASB decides to require additional disclosures for short-duration insurance contracts (pdf, 100.6kb)

Summarizes recent FASB decisions to expand disclosures for short-duration insurance contracts.

29 May 2014

To the Point - Is it a lease? Boards defer decision on definition, make progress on other topics in leases project (pdf, 138.6kb)

Discusses the FASB and IASB progress on the joint proposal on leases.

28 May 2014

To the Point - Boards issue sweeping joint revenue standard (pdf, 130kb)

Discusses the FASB and the IASB converged standards for recognizing revenue.

15 May 2014

To the Point - New mortality tables proposed: longer lives could mean higher benefit plan obligations (pdf, 113.6kb)

Discusses the new mortality tables proposed by the Society of Actuaries.

15 May 2014

Transitioning to the 2013 COSO Framework for External Financial Reporting Purposes (pdf, 489.5kb)

Provides considerations for making the transition to the 2013 framework.

5 May 2014

To the Point - SEC moves ahead with modified conflict minerals reporting (pdf, 107.5kb)

Describes the requirements still in effect for conflict minerals reporting.

1 May 2014

Technical Line - How discontinued operations are changing (pdf, 207.1kb)

Analyzes the changes in reporting discontinued operations.

1 May 2014

To the Point - PCC discusses intangible assets and adds a project on defining public and private entities (pdf, 122.8kb)

Summarizes PCC discussions on intangibles.

1 May 2014

To the Point - FASB proposes an optional pushdown accounting model (pdf, 113.7kb)

Describes the FASB proposal on pushdown accounting.

24 April 2014

To the Point - Boards make more progress on leases project (pdf, 126.4kb)

Discusses the FASB and the IASB joint decisions on leases.

17 April 2014

To the Point - FASB lays out topics it will consider for insurance industry accounting (pdf, 298.9kb)

Summarizes the FASB's recent decision to divide the project into two components: short-term contracts  and long-duration contracts.

11 April 2014

To the Point - FASB issues standard on reporting discontinued operations (pdf, 114kb)

Discusses new FASB guidance on discontinued operations.

10 April 2014

First quarter 2014 Standard Setter Update (pdf, 2mb)

Summarizes first quarter 2014 standard setter events.

10 April 2014

NAIC Bulletin - Spring 2014 edition (pdf, 213.9kb)

Highlights significant issues addressed at the spring 2014 meeting of the National Association of Insurance Commissioners.

10 April 2014

Technical Line - PCAOB considers how to enhance the auditor’s report (pdf, 471.9kb)

Summarizes the PCAOB roundtables on the new auditor reporting model and related comment letters.

10 April 2014

Technical Line - Private companies in common control leasing arrangements may be eligible for relief from VIE model (pdf, 172.5kb)

Describes new FASB private company guidance in which common control leasing arrangements may be eligible for relief from VIE model.

9 April 2014

Quarterly tax developments - March 2014 (pdf, 699.7kb)

Summarizes key income tax developments during the first quarter of 2014.

3 April 2014

SEC in Focus - April 2014 (pdf, 213.8kb)

Discusses first quarter 2014 SEC developments.

28 March 2014

To the Point - Washington focuses on cybersecurity (pdf, 120.7kb)

Summarizes the SEC's roundtable on cybersecurity.

27 March 2014

Financial Reporting Briefs - First quarter 2014 (pdf, 1.9mb)

Provides an update on first quarter financial reporting developments. Industry-specific versions are available.

27 March 2014

Technical Line - Venezuela - reconsidering exchange rates used for remeasurement (pdf, 182.3kb)

Discusses factors that companies with operations in Venezuela should consider when determining the appropriate foreign exchange rate.

24 March 2014

Comment letter - SEC 'Regulation A+' proposal (pdf, 264.3kb)

Provides EY views on the SEC 'Regulation A+' proposal.

20 March 2014

To the Point - Boards back away from some key aspects of leases proposal (pdf, 124.2kb)

Summarizes the Boards' redeliberations for the leasing project.

14 March 2014

EITF Update - March 2014(pdf, 169.2kb)

Discusses the final consensus and consensus-for-exposure reached at the March EITF meeting.

13 March 2014

Accounting pronouncements effective for the first quarter of 2014 (pdf, 129.6kb)

Lists accounting pronouncements effective for the first quarter of 2014.

13 March 2014

To the Point - FASB sets path on changes to accounting for financial instruments (pdf, 108.1kb)

Summarizes the FASB's future plans related to its financial instruments project.

6 March 2014

Technical Line - A closer look at the new definition of a public business entity (pdf, 245kb)

Tells you what you need to know about the new definition of a public business entity.

6 March 2014

To the Point - A framework to help the FASB establish effective disclosures (pdf, 94.7kb)

Summarizes the proposal to improve the FASB’s process for establishing disclosure requirements.

20 February 2014

To the Point - FASB scales back scope of insurance contracts project (pdf, 106.8kb)

Summarizes the FASB decision to scale back the scope of the insurance contracts project.

12 February 2014

Comment Letter - Improving the transparency of audits (pdf, 185.3kb)

Provides EY views related to the PCAOB proposal to identify engagement partners and certain other participants in audits.

3 February 2014

Comment Letter - Crowdfunding (pdf, 210kb)

Provides EY views related to the SEC proposal on crowdfunding.

30 January 2014

Technical Line - Certain private companies can now use simplified hedge accounting (pdf, 192.5kb)

Discusses new guidance that makes it easier for certain private companies to qualify for hedge accounting for certain interest rate swaps.

30 January 2014

To the Point - PCC finalizes consolidation alternative and drops a proposal (pdf, 103kb)

Summarizes the topics discussed at the PCC meeting on 28 January 2014.

28 January 2014

To the Point - Board issues final guidance for service concession arrangements (pdf, 115.2kb)

Discusses the FASB final guidance for service concession arrangements.

16 January 2014

NAIC Bulletin - Fall 2013 edition (pdf, 204.2kb)

Highlights significant issues addressed at the fall 2013 meeting of the National Association of Insurance Commissioners.

16 January 2014

To the Point - A new method of accounting for investments in qualified affordable housing projects (pdf, 115.5kb)

The new FASB rule allows investors to elect to use the proportional amortization method to account for investments in qualified affordable housing projects.

16 January 2014

To the Point - An easier way for certain private companies to account for goodwill (pdf, 113.2kb)

Summarizes the new FASB rule that simplifies the accounting for goodwill for certain private companies.

13 January 2014

2013 Standard Setter Update - Financial reporting and accounting developments (pdf, 2.6mb)

Highlights 2013 standard-setter developments.

9 January 2014

Quarterly tax developments - December 2013 (pdf, 3.5mb)

Summarizes key income tax developments during the fourth quarter of 2013.

9 January 2014

SEC in Focus - January 2014 (pdf, 240.2kb)

Discusses fourth quarter 2013 SEC developments.

9 January 2014

Technical Line - ‘Tax extenders’ have expired — once again (pdf, 92.1kb)

Discusses accounting consequences of "tax extender" reinstatements.

9 January 2014

Technical Line - Federal grant policies for recipients are streamlined and changed (pdf, 251.7kb)

Summarizes how the OMB has streamlined and consolidated its grant guidance to make federal programs more efficient and effective.

2 January 2014

To the Point - SEC staff recommends a comprehensive review of SEC disclosure requirements (pdf, 133.4kb)

Summarizes the SEC staff’s findings and recommendations to be considered for future revisions to disclosure requirements as they apply to all public companies.

19 December 2013

Financial Reporting Briefs - Fourth quarter 2013 (pdf, 1.4mb)

Provides an update on fourth quarter financial reporting developments. Industry-specific versions are available.

19 December 2013

To the Point - SEC proposes 'Regulation A+' to expand exempt offerings (pdf, 127.3kb)

Provides a summary of the proposed rule that would make it easier for small businesses to access the capital markets.

19 December 2013

US GAAP/IFRS accounting differences identifier tool (pdf, 3mb)

Developed to help entities that are converting from US GAAP to IFRS.

18 December 2013

Comment Letter - Proposed auditing standards on the auditor's report and the auditor's responsibilities regarding other information and related amendments (pdf, 297.4kb)

Provides EY views on the PCAOB's effort to enhance the auditor’s report.

16 December 2013

2013 AICPA National Conference on Current SEC and PCAOB Developments (pdf, 426.5kb)

Highlights comments made by SEC, PCAOB, FASB and IASB officials at the 2013 AICPA National Conference on Current SEC and PCAOB Developments.

12 December 2013

Accounting pronouncements effective in 2013 (pdf, 129.4kb)

Lists accounting pronouncements effective in 2013.

5 December 2013

To the Point - It’s time to start preparing for the new revenue standard (pdf, 108.6kb)  

Discusses factors to consider for a successful implementation of the new revenue standard.

4 December 2013

SEC Comments and Trends - December 2013 - Media and entertainment industry supplement (pdf, 253.2kb)  

Provides insights into the SEC staff's concerns and areas of focus involving M&E companies.

2 December 2013

Comment Letter - Pay ratio disclosure (pdf, 126.9kb)  

Provides EY views related to the SEC proposal on pay ratio disclosure.